The law of large numbers practically guarantees that an insurer will be profitable if it has enough policy holders.

Name: The law of large numbers practically guarantees that an insurer will be profitable if it has enough policy holders.
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The law of large numbers helps insurers predict average outcomes more accurately with more policyholders, but it does not guarantee profitability, as profitability also depends on pricing, claims, expenses, and other factors.

The Law of Large Numbers Practically Guarantees That an Insurer