GENERAL INSURANCE UNDERWRITING - DEFINITION OF RISK TRANSFER AND RISK POOLING
Risk transfer: Risk is transferred equitably among the group of individuals who are exposed to simi…
Risk transfer: Risk is transferred equitably among the group of individuals who are exposed to simi…
An individual or an organization who purchases an insurance policy from the insurer by paying a pre…
Insurance is a contract between the insurer and a policyholder/insured, where the insured pays a pr…