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Travka [436]
2 years ago
5

The number one reason risk pooling is valuable to the insurance industry is... A. It allows companies to charge the same premium

to all members of the pool. B. It brings together many individuals' premiums so that there is money to cover the select few with losses. C. It makes insurance coverage available to everyone, even those who are unable to make their payments. D. It is subsidized by the federal government.
Business
1 answer:
kolbaska11 [484]2 years ago
7 0

The reason for risk pooling which is beneficial for the insurance industry is best described as it brings together many individuals' premiums so that there is money to cover a selected few losses.

Option B is the correct answer.

<h3>Who is a policyholder?</h3>

The policyholder is an individual who takes an insurance policy from an insurance company. He pays insurance premiums against their respective policies.

The insurance contract is an agreement between the individuals and insurance company to indemnify them at the happening of the specified event and individuals also agreed to pay the insurance premiums on time. The risk pooling allows the insurance company to get insured many people against a small amount of money called an insurance premium.

Therefore, risk pooling is valuable for the insurance company in respect of the insurance policies.

Learn more about the insurance in the related link;

brainly.com/question/14969988

#SPJ1

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3 0
4 years ago
Loss of the Gocha mangrove forests has caused coastal erosion, reducing fish populations and requiring the Gocha Fishing Coopera
BigorU [14]

Answer:

D. Mangrove forests tend to increase the commercial fish populations in coastal fishing grounds

Explanation:

From the scenario, we can see that

''Loss of the Gocha mangrove forests has caused coastal erosion, reducing fish populations and requiring the Gocha Fishing Cooperative (GFC) to partially fund dredging and new shore facilities.''

From the above extract of the scenario it is clear that loss of mangrove forests reduces fish population. If the foregoing is true, then reduction in fish population implies reduction in the revenue of the Gocha Fishing Cooperative. Secondly the loss of mangrove forests has not only led to loss of revenue due to less fish but also increase in cost by having to fund dredging

Therefore, based on the fact that loss of mangrove leads to loss of fish and by extension revenue, planting more trees will lead to more fish and more revenue, apart from the fact that the cost of dredging will not have to be incurred leading to greater revenue.

3 0
3 years ago
Which of the following statements about the price elasticity of demand is correct? The price elasticity of demand for a good mea
cupoosta [38]

Answer:

The answer is: The price elasticity of demand for a good measures the willingness of buyers of the good to buy less of the good as its price increases.

Explanation:

The price elasticity of demand measures the change in the quantity demanded of a product in relation to a change in its price.

The formula for determining the price elasticity of demand (PED) is:

PED = % of the change in Quantity Demanded / % of the change in price

If a good has a high PED (≥ 1) then it is called elastic, which means that any change in the price will change the quantity demanded in a greater proportion. If a good has a low PED (≤ 1) then it is called inelastic, which means that any change in the price will affect the quantity demanded in a smaller proportion.

Usually goods or services considered luxurious (e.g. gourmet cheese), tend to be very elastic (high PED). While products considered basic necessities (e.g. gasoline) tend to be very inelastic (low PED).

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3 years ago
In a process called __________, a customer visits a store to touch, feel, and even discuss a product's features with a sales ass
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Answer:

b. showrooming

Explanation:

Showrooming is when a shopper visits a store to check out a product but then may eventually purchases the product online if there is a better deal.

This occurs because, while many people still prefer seeing and touching the merchandise they buy, many items are available at lower prices through online vendors. As such, local stores essentially become showrooms for online shoppers.

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3 years ago
How do you know how the government works on... there are reports but yet its top secret how do people know about things from the
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Answer:

Hackers probably and even if only one person leaks something, it'll travel fast.

Explanation:

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3 years ago
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