Methods of minimising insurance premiums from the insurer's perspective include:

Question

Quizplus · Accepted Answer

From the insurer's perspective, minimizing insurance premiums can be achieved by reducing the average risk profile of new entrants, as lower-risk entrants are less likely to make claims, thereby reducing costs for the insurer. Additionally, reducing the total number of entrants can also help manage risk more effectively, as a smaller, more controlled pool of insured individuals allows for better risk assessment and management. Therefore, both A and C are correct strategies for minimizing insurance premiums from the insurer's perspective.

Methods of Minimising Insurance Premiums from the Insurer's Perspective Include