Business of Insurance Crossword Puzzle

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.