An insurance surge needed to promote rapid growth
Source: Asia Insurance Review | Jan 2015
Entrepreneurial risk-taking is happening much faster and much more securely in the modern world, thanks to insurance acting as an antidote to failures that are sudden and external to entrepreneurial capabilities. Economies thrive where the mastery of risk is encouraged. Mr P C James of National Insurance Academy, India, emphasises the important role insurance must play to encourage entrepreneurship, spur economic growth and ultimately create employment.
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