notes about insurance is nothing but risk transfer
Answers
Answered by
0
hi jxk do sh he did k CG sh k by fg leg hd
Answered by
0
Insurance is simply the risk transfer from the insured to the insurer. It is accomplished when the insured claims for compensation to the insurance company. The compensation may occur when the insurance has confirmed that the premiums paid are in line with the cover that was undertaken. The insurance therefore is nothing but it is the transfer of risk.
Similar questions