The best strategy for a profit-seeking insurance company would be to specialize in providing protection to people in a specific geographical area.

Name: The best strategy for a profit-seeking insurance company would be to specialize in providing protection to people in a specific geographical area.
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Question

Quizplus · Accepted Answer

Specializing in a specific geographical area can increase risk due to potential regional disasters or economic downturns, limiting diversification benefits.

The Best Strategy for a Profit-Seeking Insurance Company Would Be