Business of Insurance Crossword Puzzle
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QUESTIONS LIST:
- reserve : the difference between revenue and expenses is held as .
- intermediaries : insurance companies act as _ in the process of risk management.
- claims : the compensation paid in the event of a loss is called _ .
- risk : insurance companies spread the losses of individuals over a group of individuals exposed to similar _ .
- loss : premiums are based on the expectation of _ .
- large numbers : insurers use statistical principles such as the law of _ .
- license : a separate _ is required for life and general insurance.
- trustee : an insurer acts as a _ managing a common fund on behalf of its policyholders.
- underwriting : the act of assessing risk and determining premiums is known as _ .
- accidental : insurance companies must not pay claims for losses which are not _ .
- micro insurance : allows for insurers to issue life and general insurance for small sums.
