Insurance is a risk management tool it is not an investment.

For companies that embrace the idea of strategic planning must also incorporate risks in your decision-making process to improve the way you make decision.

The need for insurance has been as old as commerce itself. And to this objective, it is impossible to obtain a loan from financial institution if a property is not insured.

It proves that indeed insurance is critical especially in this age of uncertainty. Then it is important to note that we should never take a risk more than what we can afford.

As we may be all aware insurance in developed nations plays a major role and function in the economy.

Obviously the biggest buildings in the city are owned by banks but the second largest buildings in any city is owned by the insurance company.