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What are common risks involving insurance?
This might involve the loss, theft, or damage of valuable property and belongings, or it may involve someone being injured.
What is the risk customers take in a varied policy
Spending over their butdget vs not having a good enough premium for their needs.
What is the risk of not having very many clients?
if you have a large risk pool, such as 1,000,000 policies, a freak occurrence doesn't affect the overall loss exposure all that much. This is why group insurance is cheaper.
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