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Question: Sapling Learning The fundamental idea(s) that make(s) the insurance industry possible is/are: It ...

Show transcribed image text Sapling Learning The fundamental idea(s) that make(s) the insurance industry possible is/are: It is possible to transfer risk from one party to another in a mutually beneficial arrangement. Protection from loss will not encourage insured parties to take unnecessary risks nsurance companies, unlike people, are completely risk-neutral Diversification can lower the risk of a total loss. Some wealthy individuals are risk-loving. Risk is something difficult to assess, but some agents become experts on it. 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

Sapling Learning The fundamental idea(s) that make(s) the insurance industry possible is/are: It is possible to transfer risk from one party to another in a mutually beneficial arrangement. Protection from loss will not encourage insured parties to take unnecessary risks nsurance companies, unlike people, are completely risk-neutral Diversification can lower the risk of a total loss. Some wealthy individuals are risk-loving. Risk is something difficult to assess, but some agents become experts on it. 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