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Insurance Category

Insurance provides financial protection against potential future losses by transferring risk from an individual or business to an insurance company. Key sectors include health, auto, life, property, and liability insurance, each designed to mitigate specific types of risks. The global insurance market exceeds $5 trillion in premiums annually, highlighting its critical role in economic stability and risk management. Advances in technology, such as AI and big data analytics, are revolutionizing risk assessment and claims processing within the industry.