Business Studies, asked by shray99z, 4 months ago

Insurance is a mechanism by which the person exposed to the potential

______, arising out of the events beyond his control, transfers the financial

loss; in part or in full to a ________ party.​

Answers

Answered by sriteja2780
3

Explanation:

Insurance is a mechanism of risk transfer and sharing by pooling of risks and funds among a group of individuals who are exposed to similar kinds of risks for the benefit of those who suffer loss on account of the risk.

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