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NemiM [27]
3 years ago
13

Explain how insurance transfers risk to a third party.

Social Studies
2 answers:
juin [17]3 years ago
5 0

Answer:

Hope this helps!

Explanation:

Risk transfer is a risk management and control strategy that involves the contractual shifting of a pure risk from one party to another. One example is the purchase of an insurance policy, by which a specified risk of loss is passed from the policyholder to the insurer.

guajiro [1.7K]3 years ago
4 0

Answer:

Risk transfer can be defined as a mechanism of risk management that involves the transfer of future risks from one person to another and one of the most common examples of risk management is purchasing insurance where the risk of an individual or a company is transferred to a third party (insurance company).

Risk transfer in its true essence is the transfer of the implications of risks from one party (individual or an organization) to another (third party or an insurance company). Such risks may or may not necessarily take place in the future. Transfer of risks can be executed through buying an insurance policy, contractual agreements, etc.

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3 years ago
Men and Women are two sides of a coin justify the statement in your own words ?​
aleksandr82 [10.1K]

If you choose to say "Yes, men and women are two sides of a coin," you can justify by stating men and women are complementary in what they offer to society.

<h3>Men vs. Women</h3>

This question requires a personal answer, which is why we will only provide an example and tips here. Suppose you choose to say "Yes, men and women are two sides of a coin." You can justify that opinion by explaining how complementary men and women are in what they offer to society.

For example, you can explain that men and women obviously share traits and qualities, but that in general men develop a more competitive side. Therefore, a society more dominated by men could be characterized by a culture of competition, of achievement over happiness.

On the other hand, a culture more dominated by women could value collectiveness. Rather than competition, others could be perceived as partners, companions on the same journey.

Since both men and women are included in our society, even if not in a way that is completely equal, they can offer those different traits so as to balance society, culture, and lifestyle.

Learn more about men and women here:

brainly.com/question/11544050

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5 0
2 years ago
Which was closer to the civil war north or south. Who would make it first and Why?
natita [175]
North is the answer sorry if I get it wrong
3 0
3 years ago
Feminists argue that gender matters because
Sloan [31]

In my opinion, feminists argue that gender doesn't matter because they believe everyone is capable of the same things. But I think the answer you are looking for is,

Feminists argue that gender matters because they want women to be given the same opportunities as men.

4 0
3 years ago
(PLZ HELP) How does the Federal Reserve reduce the money supply in the economy? Using monetary policy, the Federal Reserve incre
Irina-Kira [14]
The correct phrase is "<span>Using monetary policy, the Federal Reserve increases to reduce the money supply in the economy. Using (contractionary) monetary policy, the federal reserve increases (interest rates) to reduce the money supply in the economy. "

In order to achieve a contractionary policy (contracting, or shrinking, the money supply), the Federal Reserve will raise its primary interest rate, namely the overnight borrowing rate. This makes it more expensive for big banks to borrow money from the government for their daily operations, such as investing and loaning the money themselves, which in turn makes them less willing to do so in larger amounts.
In this way, the increase in interest rates lowers the amount of money circulating from these big banks, and increases the amount sitting in the Federal Reserve, out of circulation, thus reducing the money supply. </span>
8 0
3 years ago
Read 2 more answers
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