Why is having a large number of similar exposure units important to - ProProfs Discuss
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Why is having a large number of similar exposure units important to insurers ?



A. The greater the number insured, the more premium is collected to offset fixed costs
B. The insurer increases its market share with every insured
C. The greater the number insured, the greater the amount of premiums collected to help cover losses
D. The greater the number insured, the more accurately the insurer can predict losses and set appropriate premiums

This question is part of Test your Life & Health knowledge quiz
Asked by Wyatt Williams, Last updated: Sep 09, 2020

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1 Answer

John Smith

John Smith

John Smith
John Smith

Answered Jul 01, 2017

The greater the number insured, the more accurately the insurer can predict losses and set appropriate premiums
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