Insurers assess and price various #risks to work out how much they would need to pay out if a policyholder suffered a loss for s
29 Sep 2020, 13:59
🧐Insurers assess and price various #risks to work out how much they would need to pay out if a policyholder suffered a loss for something covered by the policy. This helps the insurer determine the amount (#premium) to charge for #insurance.
#vocabulary