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by student10Pooja
11 Jan 2019, 17:18
Forum: Pricing Learnings
Topic: how do insurance companies make profit ?
Replies: 2
Views: 257

how do insurance companies make profit ?

Insurance works on the principle of Pooling of funds and thereby Sharing the risks.  It is a very old idea which started back when sailing ships got destroyed or lost their cargoes.  Merchants found that by dividing their cargoes among several boats, they protected themselves from total financial r...