Recent questions tagged finance-question

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Loss control includes which of the following?

asked Oct 22, 2021 in Finance by voice (257k points)

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All of the following are burdens to society because of the presence of risk except

asked Oct 22, 2021 in Finance by voice (257k points)

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Which of the following statements about Liability risks is/are true?

asked Oct 22, 2021 in Finance by voice (257k points)

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The extra expenses incurred by a business to stay in operation following a fire is an example of a(n)

asked Oct 22, 2021 in Finance by voice (257k points)

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All of the following are examples of Direct Property losses except

asked Oct 22, 2021 in Finance by voice (257k points)

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Which of the following are often consequences of long term disability?

asked Oct 22, 2021 in Finance by voice (257k points)

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Which of the following is reason why Premature death may result in Economic Insecurity?

asked Oct 22, 2021 in Finance by voice (257k points)

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All of the following are examples of personal risks except

asked Oct 22, 2021 in Finance by voice (257k points)

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An automobile that could be totaled in a collision is an example of which of the following types of risk?

asked Oct 22, 2021 in Finance by voice (257k points)

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Which of the following statements about Speculative risks is true?

asked Oct 22, 2021 in Finance by voice (257k points)

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The Premature death of an individual is an example of a

asked Oct 22, 2021 in Finance by voice (257k points)

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A Pure risk is defined as a situation in which there is

asked Oct 22, 2021 in Finance by voice (257k points)

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Indifference to loss because of the existence of insurance of insurance is an example of a

asked Oct 22, 2021 in Finance by voice (257k points)

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Faking an accident to collect insurance proceeds is an example of a

asked Oct 22, 2021 in Finance by voice (257k points)

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Dense fog that increase the chance of an automobile accident is an example of

asked Oct 22, 2021 in Finance by voice (257k points)

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An earthquake is an example of a

asked Oct 22, 2021 in Finance by voice (257k points)

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A peril is _____________.

asked Oct 22, 2021 in Finance by voice (257k points)

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An individual's personal estimate of the chance of loss is

asked Oct 22, 2021 in Finance by voice (257k points)

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Uncertainty based on a person’s mental condition or state of mind is known as

asked Oct 22, 2021 in Finance by voice (257k points)

1 answer

An insurance company estimates its objective risk for 10,000 exposures at 10 percent. Assuming the probability of loss

asked Oct 22, 2021 in Finance by voice (257k points)

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Objective risk is defined as

asked Oct 22, 2021 in Finance by voice (257k points)

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Insurance authors have traditionally defined risk as

asked Oct 22, 2021 in Finance by voice (257k points)

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__________ are those where a part of the premium is charged for the risk cover and the rest is invested in selected

asked Oct 7, 2021 in Finance by voice (257k points)

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__________ is an amount in excess of the value of insurers assets over the amount of liabilities.

asked Oct 7, 2021 in Finance by voice (257k points)

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_________ is pricing of insurance products driven by market forces.

asked Oct 7, 2021 in Finance by voice (257k points)