advantages of compulsory insurance The compulsory insurance is the insurance that government force people who meet certain requirement to buy,otherwise people will get fined or other punishment. In my opinions,compulsory insurance is more advantages than disadvantages Most compulsory insurance schemes aim for protection and are really necessary.Most people are short-sighted,which means that they will try to avoid risk in the short term,but in the long term they will not realize risks.However these risks will affect not only their own lives but also the whole society. For example,if superannuation is not compulsory,many people may not save for retirement,because the future is far and uncertain,and they prefer consumption and happiness now.However most people will not have a steady income after retirement,which can increase the burden on the whole family or the government(since people elected the government to improve their lives) dramatically. Therefore compulsory insurance can protect people from future risks that not be realized by themselves.And the same line of reasoning lies in motor insurance and many other compulsory insurance. Some compulsory insurances can promote social fairness,since they can protect vulnerable party.The most typical example is worker’s compensations. Compared to companies, workers are relatively vulnerable.Without worker’s compensation,workers may not get any compensation when they get injured in work or are in maternity. This is unfair for workers.Therefore it is like a more effective way to regulate the companies to protect employees, because there must be someone compensating the workers.