yrndominicc12
Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Get immediate and reliable solutions to your questions from a knowledgeable community of professionals on our platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Insurance companies create a pool of funds to handle
O risk
O gain
O loss
Osafety

Sagot :

GinnyAnswer

Final answer:

Insurance companies set premiums based on expected losses to handle claims and ensure profitability.


Explanation:

Insurance companies create a pool of funds to handle loss. They set premiums based on the expected value of losses, ensuring a profit for the company. Actuaries estimate claims, and companies invest premiums to generate additional profits from investments.


Learn more about Insurance companies handling losses and premiums here:

https://brainly.com/question/50954128


We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.