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Insurance Company provides individuals or businesses with financial protection against risks in exchange for money. These companies offer various types of insurance, such as automobile, home, health, and life insurance. In Azerbaijan, the most well-known insurance companies include Pasha Insurance, A-Group, and Ateshgah Insurance. Customers obtain protection by signing an insurance contract, and if an incident occurs, the company pays compensation. Insurance companies operate by obtaining a license from the government. They are an important part of the country’s financial market.