What concept is defined as an organized collection of individuals and institutions, bounded by space in a coherent territory, subject to the same political authority, and organized through a shared set of cultural expectations and values

Society.

Explanation:

Speaking is sociological terms society means a group of people living in a definable environment, and having the same culture. It comprises institutions and peoples who shared collective beliefs, traditions, values and cultural ideas within a confined boundaries. Different sociologist differ in describing societies which have evolved from the primitive hunting-gathering stage to the industrial stage.

both focus ón people who behave in a risky way and çause accídeñ both explaín how to púrchase insurance añd cover the costs of premium. both describe what happened when consumers fail to pay their premíums in time

a photo collage of women at work during world war 2