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Insurance and Risk Management
?
Insurance is best suited to risk with ______________.
high frequency and low loss severity.
low frequency and high loss severity.
minimum frequency and no loss severity.
high frequency and high loss severity.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (B)
low frequency and high loss severity.
Related MCQs
?
The Insurance is a ______________
?
Losses arising due to a risk exposure retained or assured is known as ______________
?
An alternative approach to the check list is ______________
?
The measures aimed at avoiding, eliminating or reducing the chances of loss production is covered by ______________
?
Insurance is best suited to risk with ______________.
?
The risk manager maybe able to identify the new ventures involved in ______________.
?
An instrument by which a pure risk is transferred by a party other than insurer is
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The Person whose risk is insured is called ______________.
?
That which is designed to improve the information on which decisions are take to reduce risk is ______________.
?
Uncertain events are broadly classified as ______________.
