Explain how insurance companies use statistics.

Question

asked Apr 6, 2021 90.5k views

1 Answer

Landmaster · Answer 1 · 2021-04-13T08:09:34+0000

Answer:

Statistics is used to determine what risk an insured poses to an insurance company, what percentage of policies is likely to pay out, and how much money a company can expect to pay out in claims

Explain how insurance companies use statistics.

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions