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Question: Question 7 of 8 incorrect Sapling Learning The fundamental idea(s) that make(s) the insurance ind...

Show transcribed image text Question 7 of 8 incorrect Sapling Learning The fundamental idea(s) that make(s) the insurance industry possible is/are: Diversification can lower the risk of a total loss It is possible to transfer risk from one party to another in a mutually beneficial arrangement. Some wealthy individuals are risk-loving Protection from loss will not encourage insured parties to take unnecessary risks L Risk is something difficult to assess, but some agents become experts on it. Insurance companies, unlike people, are completely risk-neutral. Lloyd's of London connected which two parties? Shipowners with ship crews. The more risk-averse with the False less risk-averse. True Merchants with investors. Merchants with other merchants Merchants with shipowners. Map

Question 7 of 8 incorrect Sapling Learning The fundamental idea(s) that make(s) the insurance industry possible is/are: Diversification can lower the risk of a total loss It is possible to transfer risk from one party to another in a mutually beneficial arrangement. Some wealthy individuals are risk-loving Protection from loss will not encourage insured parties to take unnecessary risks L Risk is something difficult to assess, but some agents become experts on it. Insurance companies, unlike people, are completely risk-neutral. Lloyd's of London connected which two parties? Shipowners with ship crews. The more risk-averse with the False less risk-averse. True Merchants with investors. Merchants with other merchants Merchants with shipowners. Map