IPT05200 - Calculating the value of the premium: determining 바카라 사이트˜any risk바카라 사이트™
It is very important that an insurer has sufficient resources with which to meet any claims made. To ensure this, insurers employ underwriters to determine the 바카라 사이트˜risk바카라 사이트™, that is, the possibility of a loss occurring to the interest a policyholder wishes to insure. The higher the possibility of a loss occurring, resulting in a claim being made against the insurer, the higher the premium to cover that risk will need to be. This charge forms the basis of the 바카라 사이트˜fair and equitable바카라 사이트™ premium.