What type of companies offer insurance policies?

Insurance companies are specifically designed to provide insurance policies, which are contracts that offer financial protection against various risks in exchange for premium payments. These companies assess risks, determine appropriate coverage, and manage claims processes. Their primary purpose is to help individuals and businesses manage uncertainty by providing security against potential losses due to unforeseen events.

Real estate companies primarily deal with property transactions and may not provide any insurance products. Banking institutions mainly focus on financial products like loans, savings accounts, and investment services, rather than offering insurance policies, although some banks may partner with insurance companies to provide insurance services. Educational organizations are centered around learning and teaching and do not have a mandate to offer insurance products. Thus, the unique role of insurance companies makes them the appropriate choice for this question.