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Line 44: {{Section separator}} == Takeaways ~~and quiz~~ == 📌 '''Key takeaways.''' Line 51: * An insurer organises and sustains the pool by underwriting risk, collecting premiums, managing funds, settling claims, and operating under strict regulatory oversight to ensure it can keep its promises. {{Section separator}} == Quiz == 🧪 '''Quiz.''' Test your understanding of why insurance exists with the following questions: {{Wix:Training/IFRS17/Why insurance exists/quiz}} {{Internal:Training/IFRS17/nav-dropdown}} 👉 '''Next up.''' Now that you understand why insurance exists and what role the insurer plays, the next page takes you inside the economics of an insurance contract. You will see how a premium is built, why timing matters, and where an insurer's profit actually comes from. [[Internal:Training/IFRS17/The economics of an insurance contract\|The economics of an insurance contract →]]

Internal:Training/IFRS17/Why insurance exists: Difference between revisions