This is the 17206th most frequent Russian word.
страховых
"Insurance" (adjective form, related to insurance).
In this sentence, 'страховых' serves as an adjective (genitive plural) describing the type of companies, meaning those related to insurance.
Он работает в страховых компаниях.
He works in insurance companies.
Here, 'страховых' is used as an adjective (genitive plural) describing services, specifying that they are related to insurance.
Я изучаю структуру страховых услуг.
I study the structure of insurance services.
In this context, 'страховых' is an adjective (instrumental plural) modifying programs, denoting that these programs are associated with insurance.