The reason some insurance customers are more eager to purchase insurance is
A)they are more risk averse
B)they are less risk averse
C)they have a greater risk of making a claim
D)Both A&C

Question

​The reason some insurance customers are more eager to purchase insurance is
A)​they are more risk averse
B)they are less risk averse
C)they have a greater risk of making a claim
D)​Both A&C

Quizplus · Accepted Answer

Customers who are more risk averse are generally more eager to purchase insurance as they are willing to pay a premium to avoid financial losses. Additionally, customers who have a greater risk of making a claim (based on their lifestyle or profession) may also be more eager to purchase insurance. Therefore, option D, which includes both factors, is the best choice.

​The Reason Some Insurance Customers Are More Eager to Purchase

The Reason Some Insurance Customers Are More Eager to Purchase