Final answer:
Control of certain risk-related transactions is important for protecting against economic risks.
Step-by-step explanation:
The control of certain broad-based risk-related transactions/activities of insurers is important because these transactions protect individuals and their families from economic risks over which they have little control. For example, in the event of a natural disaster, war, or massive unemployment, individuals would want to have their needs met so they can provide for themselves and their families. Insurance and other risk-management strategies help protect against financial loss in such situations.