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