Brief introduction of insurance
With the improvement of people's material life, they began to pursue a higher level of material and spiritual security. As a special institution, insurance company was established with the approval of China Banking Regulatory Commission. Mainly because insurance can transfer risks, share losses and compensate for losses, the insured transfers his own risks to the insurance company when purchasing insurance products, and the insurance company has the obligation to protect the personal and property safety of the insured. Insurance can promote social order stability. By paying the premium, the insured also enables the insurance company to make full use of the working capital and compensate the losses caused by some accidents of other insured in time.