Which insurance type is designed to meet the needs of the general public?

Government insurers are specifically designed to meet the broader needs of the general public, particularly in areas where private insurance may not effectively fill the gaps. These insurers often provide coverage for risks that are considered uninsurable in the private market, such as flood insurance or workers' compensation. By stepping in where private entities may be unwilling or unable to provide coverage, government insurers ensure that essential protection is available to individuals and businesses, thereby promoting overall stability and safety within the community.

This role is particularly crucial during times of natural disasters or economic challenges, as government insurers help mitigate risks that the general public might face. This reflects the fundamental purpose of government involvement in the insurance market: to protect citizens and maintain access to necessary insurance products.