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

* Pooling solves this by spreading the cost of losses across a large group, turning an unpredictable individual burden into a small, predictable shared contribution.

* 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.

 

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