Why insurance is unique : and offers unique benefits for consumers
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<subTitle>: and offers unique benefits for consumers</subTitle>
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<publisher>Insurance Europe</publisher>
<dateIssued>2019</dateIssued>
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<abstract displayLabel="Summary">Without insurance, many aspects of modern societies and economies could not function. Insurance provides the cover against unforeseen events that enables individuals and businesses to carry out their daily activities.Buying an insurance policy for a smaller, known premium removes the possibility of a larger, potentially unaffordable loss, bringing peace of mind and security. These small premiums are collected in a pool, which allows the losses of the few to be spread among the many. European insurers pay out almost 3 billion a day in claims to help businesses and individuals through difficult events and in benefits to long-term savers</abstract>
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<topic>Cultura aseguradora</topic>
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<topic>Prevención de riesgos</topic>
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<geographic>Unión Europea</geographic>
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