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

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== Takeaways ==

* Risk arises when uncertainty carries the possibility of financial loss, and it is a problem because individuals often cannot absorb large losses on their own.

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

== Quiz ==

 

{{Wix:Training/IFRS17/Why insurance exists/quiz}}