Published on October 1, 2015
We all recognize the necessity of insurance in present times. With thousands and even millions of people losing their properties and even lives in natural disasters, the loss could have been worse if not for the assistance of insurance. Across the globe, life, health and car insurances are prevailing. Indeed, insurances have undergone great changes in both developed and developing nations. The changes in the market showed the gradual move towards liberalization and privatization and also the consolidation of insurance operations.