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Insurance and Risk Management
?
An insurance company estimates its objective risk for 10,000 exposures at 10 Per cent. Assuming the probability of loss remains the same, what would happen to the objective risk if the number of exposures were to increase to 1 million?
It would decrease to 1 percent
It would decrease to 5 percent
It would remain the same
It would increase to 20 percent
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (A)
It would decrease to 1 percent
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