IIQE (HK) Practice Questions - Insurance Intermediaries Qualifying Examination (Paper 1 & Paper 2) Exam

Insurance works mainly on the basis of which financial mechanism?

Speculation by individual policyholders Pooling of similar risks contributed by many policyholders Government subsidy of all losses Lending money to those who suffer losses

Correct Answer:

Pooling of similar risks contributed by many policyholders

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