Insurance Companies Have Some Advantages in Bearing Risk

Insurance companies have some advantages in bearing risk.These include

A) the superior ability to estimate the probability of loss, extensive experience and knowledge about how to reduce the risk of a loss, and the ability to pool risks and thereby gain from diversification.
B) extensive experience and knowledge about how to reduce the risk of a loss.
C) the ability to pool risks and thereby gain from diversification.
D) the fact that insurance companies cannot diversify away market or macroeconomic risks.