Business Studies, asked by ggghh6286, 7 hours ago

Why is insurance set to be a mechanism of risk coverage and2 investment

Answers

Answered by AmanRatan
1

Answer:

Insurance Risk Management is the assessment and quantification of the likelihood and financial impact of events that may occur in the customer's world that require settlement by the insurer; and the ability to spread the risk of these events occurring across other insurance underwriter's in the market.

Explanation:

Answered by ll5119507
0

Explanation:

insurance insurance facilities does trading of risk from the insurance to the ensure the basic principle insurance is it to spread among a large number of people a large number of persons get insurance policies and pay the premium to the ensure whenever a loss occurs it is compensated

out of the funds and insurance

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