What do finance and insurance companies provide?

Finance companies usually operates on the terms of investment, capital, interest, collateral terms. They usually provide assistance to individuals who need an X amount of money either for business continuity or start up, or to settle a balance. They earn by collecting the loaned money from the individual with proportionate interests that the individual settles in a staggard method. Insurance companies on the other hand, operates in terms of premiums paid by the individual. It is like saving up for unexpected and emergent needs of the individual. This could be medical or health, business, life and material possessions.