In Order for Insurance Companies to Generate Predictable Payouts, They

question 12

Multiple Choice

In order for insurance companies to generate predictable payouts, they need to:

• A)Spread the risk across many policies
• B)Accept policyholders from a very specific geographic area
• C)Focus on insuring only specific events, for example only fire
• D)Offer only life insurance

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Definitions:

Delegation

A manager’s assignment of a specific task or project to an employee.

Relational

Pertaining to the establishment and maintenance of meaningful relationships between individuals or groups.

Horizontal Communication

The exchange of information between peers within the same level of an organization, facilitating collaboration and team coordination.

Staff

Refers to all the employees of an organization or a specific group within.