Risk transfer provides a sense of: a] Financial instability
b] Financial distress
c] Financial security
d] Financial deficit.
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Answer:
Financial instability is the answer
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The correct answer is C
Explanation:
- Transfer of risk is the term which is defined as the underlying tenet of the transactions of the insurance, it is a technique or tool of risk management, where the risks shifts or transfer from one party to another.
- The risk might transfer among individuals, form the insurers to the re- insurers and from the individuals to the insurance companies.
- Therefore, transferring the risk provides the person a sense of the financial security as the person shift the risk on to some other company or person.
You can learn more from here about risk transfer:
https://brainly.in/question/10135353
You can learn more from here about financial security:
https://brainly.in/question/14574092
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