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What is the purpose of insurance in risk assessment?a)To determine the accuracy of loss estimatesb)To reduce the variability of expected lossesc)To estimate the average loss with accuracyd)To provide coverage for catastrophic risksCorrect answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the purpose of insurance in risk assessment?a)To determine the accuracy of loss estimatesb)To reduce the variability of expected lossesc)To estimate the average loss with accuracyd)To provide coverage for catastrophic risksCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the purpose of insurance in risk assessment?a)To determine the accuracy of loss estimatesb)To reduce the variability of expected lossesc)To estimate the average loss with accuracyd)To provide coverage for catastrophic risksCorrect answer is option 'A'. Can you explain this answer?.

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