Insurance works best when it is sold to those who expect the greatest losses.

Name: Insurance works best when it is sold to those who expect the greatest losses.
Brand: Quizplus
Rating: 4.9 (52 reviews)

Question

Quizplus · Accepted Answer

Insurance is most effective when it is sold to a large, diverse group of people, spreading risk across those who may or may not experience losses. Selling only to those expecting the greatest losses can lead to adverse selection and higher premiums.

Insurance Works Best When It Is Sold to Those Who