{"id":8030,"date":"2024-07-14T06:28:57","date_gmt":"2024-07-14T06:28:57","guid":{"rendered":"https:\/\/finehealthplus.com\/?p=8030"},"modified":"2024-10-04T11:39:04","modified_gmt":"2024-10-04T11:39:04","slug":"insurer","status":"publish","type":"post","link":"https:\/\/finehealthplus.com\/insurer\/","title":{"rendered":"How Do Insurers Assess Risk?"},"content":{"rendered":"

Insurers manage risks in their work. When they give out insurance<\/b> policies, they agree to cover certain risks in exchange for a payment. They earn by using risk pooling<\/b> and the law of large numbers<\/b>. Risk pooling<\/b> means they gather many customers, each with a small risk of loss. This helps balance out those who do suffer losses. The law of large numbers<\/b> states that the more risks insurers cover, the more accurate their loss predictions become.<\/p>\n

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