Webce Quizzes: General Insurance & Life Insurance Latest Update 2023
Webce Quizzes: General Insurance & Life Insurance Latest Update 2023 Buying life or health insurance is an example of which risk management technique? Risk avoidance Risk reduction Risk retention Risk transfer Correct Answer: risk transfer What is the mathematical concept of probability that helps insurers estimate the statistical likelihood of mortality or morbidity losses at any given age? Law of large numbers Underwriting principle Law of probability Actuarial principle Correct Answer: law of large numbers A person who refuses to engage is risky activities like rock climbing for fear of injury or death is demonstrating which risk management technique
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- Webce General Insurance & Life Insurance
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webce quizzes general insuranceamp life insurance latest update 2023
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webce quizzes general insurance amp life insurance
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general insurance amp life insurance
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