Question
a.
The accuracy of probability of loss keeps improving as the population of insured assets or persons or interests grows.
b.
The larger the population of insured assets or persons or interests, the more difficult it is to predict the probability of loss.
c.
Insurance is based on the occurrence of loss affecting a small population.
d.
Insurance is based on the occurrence of loss affecting a large population.
Posted under Introduction IC85 Reinsurance Management
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