Risk pooling relies upon

Name: Risk pooling relies upon
Brand: Quizplus
Rating: 4.9 (58 reviews)

Question

Quizplus · Accepted Answer

Risk pooling involves distributing risk among a larger group, which is based on the property of random variables. This allows losses to be spread out and shared among the group, reducing the impact on any one individual. The amount of rainfall is not directly related to risk pooling, and diving headfirst into the shallow end is not a safe or effective risk pooling strategy.

Risk Pooling Relies Upon