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The insurance industry is made up of different types of players operating in different spaces. The individual is preferred from such losses and his property or business or industry will remain approximately in the same position in which it was before the loss. The great fire of london in 1666 manifested the necessity of fire insurance. History of insurance industry starts very ancient times.
Insurance is a financial product sold by insurance companies to safeguard you and or your property against the risk of loss damage or theft such as flooding burglary or an accident.
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