Why is having a large number of similar exposure units important to insurance companies?
A. The larger the number insured, the more accurately the insurer can predict losses and set appropriate premiums.
B. The larger the number of insured's, the larger the market share for the insurer. This is very important for advertizing purposes.
C. The larger the number of insureds, the more premium collected, the more profitable the company.
D. None of the above are the most important reason.
Ans: A. The larger the number insured, the more accurately the insurer can predict losses and set appropriate premiums.
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(a) is governed by generally accepted accounting principles (b) places emphasis on special-purpose information (c) pertains to the entity as a whoe and is highly integrated (d) is limited to cost data
The appearance of service technicians and of the service equipment is referred to as _____ in SERVQUAL
a. responsiveness b. assurance c. reliability d. tangibles