The fundamental idea(s) that make(s) the insurance industry possible is/are: Insurance companies, unlike people, are completely...

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The fundamental idea(s) that make(s) the insurance industry possible is/are: Insurance companies, unlike people, are completely risk-neutral. Risk is something difficult to assess, but some agents become experts on it. Some wealthy individuals are risk-loving. Protection from loss will not encourage insured parties to take unnecessary risks It is possible to transfer risk from one party to another in a mutually beneficial arrangement. Diversification can lower the risk of a total loss. Lloyd's of London connected which two parties? True Shipowners with ship crews. The more risk-averse with the less risk-averse. Merchants with investors. Merchants with other merchants. Merchants with shipowners. True False The fundamental idea(s) that make(s) the insurance industry possible is/are: Insurance companies, unlike people, are completely risk-neutral. Risk is something difficult to assess, but some agents become experts on it. Some wealthy individuals are risk-loving. Protection from loss will not encourage insured parties to take unnecessary risks It is possible to transfer risk from one party to another in a mutually beneficial arrangement. Diversification can lower the risk of a total loss. Lloyd's of London connected which two parties? True Shipowners with ship crews. The more risk-averse with the less risk-averse. Merchants with investors. Merchants with other merchants. Merchants with shipowners. True False

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1Option DE and F are correct The fundamental ideas that makes the insurance industry possible ... View the full answer