Ask Question
6 May, 02:44

Insurance is frequently described as a method of "sharing the risk" because the:

+4
Answers (1)
  1. 6 May, 04:45
    0
    sharing risk means that the premiums and losses of each member of a group of policyholders are allocated within the group based on a predetermined formula

    Explanation:

    insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. most entity transfer the risk of the company taking up an insurance.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Insurance is frequently described as a method of "sharing the risk" because the: ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers