Examlex
Because an outsourced function is not as visible to the employees as an in-house function,there may be issues of confidentiality.
Premium
The amount paid periodically to the insurer by the insured for covering his risk.
Expected Income
The amount of money an individual or entity anticipates earning over a certain period.
Probability
The measure of the likelihood that a particular event will occur, often expressed as a number between 0 and 1.
Insurance Market
A marketplace where individuals and entities can purchase insurance products to transfer risk and receive financial protection against loss.
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