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Insurance Company is a company that protects individuals and businesses from financial losses. These companies make contracts with customers and collect insurance premiums. When a customer suffers damage or an incident occurs, the company makes a financial payment. In Azerbaijan, the most popular insurance companies include Atəşgah, PASHA Insurance, and AXA MBASK. These companies offer various types of insurance such as automobile, health, life, and property insurance. The main purpose of Insurance Company is to protect customers by distributing risks.