A multistore company have always high risk, so how it could burn down. The multistore have an accident, the companies goods could be lost or its computer could be hacked. The chances of some of these events may be low. How it really burns down. But if my house does burn down the financial consequences is for me would be devastating. Similarly a multistore might have not the resource to compensate someone who is injured by my driving which would be devastating for me and for the victim and the company might not be able to survive the loss of goods if the ship of which they bring transported sinks. Of course, insurance doesn’t prevent these events from happening but it does allow me to transfer to an insurance company the financial losses that result. The cost of rebuilding the house, compensating the road victim, or replacing the good lost it see. How it works is it the homeowner, the multistore, or the company. Pay as a premium and exchange the insurance company agrees to pay some of the money if it lost a cause. This is a remarkable sector. Globally payments for insurance premiums amount to more than 4 trillion dollars each year which is 7% of the world’s growing mastic product.
That means insurance has no mass amount of money to invest. Together they manage 90 trillion dollars wealth of assets. Around 11% of the wealth in the world.
In London, it has a unique insurance market when buyers and sellers of large-scale insurance businesses.
The UK’s insurance market is true international more than 90% of the largest companies in the USA ensure of applied. As to companies from more than 200 countries. Also, English insurance lawyers are enormously influential. Both because of the empowers of the London’s well central insurance and because of the spread of the common law it some of the great trading and finance tent’s such as the USA, Canada, Australia, Singapore.