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Identify Dogs insurance as a offered risk. Assess the viability of this risk being offered based on the 6 requirements: 1- Large number of exposure

Identify Dogs insurance as a offered risk. Assess the viability of this risk being offered based on the 6 requirements:


1- Large number of exposure units

2- Accidental and unintentional loss

3- Determinable and measurable loss

4- No catastrophic loss

5- Calculable chance of loss

6- Economically feasible premium

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1Law of Large Numbers a statistical axiom that states that the larger the number of exposure units independently exposed to loss the greater the proba... blur-text-image

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