How do insurance companys make money?

Answers

Answer 1
Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage, then reinvesting those premiums into other interest-generating assets. Like all private businesses, insurance companies try to market effectively and minimize administrative costs

Related Questions

except media what else can provide job information

Answers

Answer:

see below

Explanation:

Other sources of job information are

1. Trade or professional associations

They are organizations formed by professionals in the same career path. Members frequently meet to share information regarding developments in their profession.

2. Family and friends working in different organizations

Close friends and relatives are an important source of information for vacancies existing in different workplaces.

3. Educational institutions

In some cases, employers share information on their available job opportunities with schools and colleges.

4. Career or employment agencies

Employment agencies have updated information on various labor requirements for different employers

What is a company doing if it requires customers to buy multiple products from that company to obtain the one product that the customer truly wants?

practicing predatory pricing

engaging in nonprice competition

working around antitrust laws to gain control over the market

using deregulation

Answers

Answer:

The company is trying to work around antitrust laws in order to be at the top of the market.lanation:

Answer:

engaging in nonprice competition

Explanation:

if im wrong comment

Why is education an important factor in setting wages?
O A. People with more education tend to earn higher wages.
B. High levels of education make it harder for a person to earn
wages.
C. The high cost of education tends to reduce wages.
D. Companies are less likely to hire a candidate with a high level of
education.
SUBMIT

Answers

Answer:

A. People with more education tend to earn higher wages.

Explanation:

Employers require some minimum level of education when hiring workers. Lower cadre jobs may require low education levels, but higher positions demand a higher education level. Lower cadre jobs don't pay as handsomely as the higher-level jobs.

As employers always demand minimum qualifications for jobs, an individual without any educational qualification will find it difficult to get employed. Their chances of earning decreases. Educated individuals are better placed to get hired and earn more compared to others.

Answer: a

Explanation: just took it on a test

Explain why the Federal Reserve Bank might be concerned if the economy begins growing too quickly.

Answers

Answer:

To check against high inflation rate

Explanation:

Inflation is the steady increase in the prices of goods and services in the economy per period. Inflation is associated with economic growth. Naturally, as the economy grows, the prices of different products and services tend to increase.

When the economy is growing at a fast rate, the inflation rate tends to increase.  A rise in the inflation rate means prices are increasing at a high rate. When prices are unstable, planning and budgeting become challenging for individuals, firms, and the government. Inflation erodes the strength of a currency, which causes unstable prices and other economic challenges. The Federal Reserve keeps monitoring inflation and applies appropriate monetary policies to regulate economic growth and the inflation rate.

The chart shows the marginal cost of producing apple pies.

A 3-column table titled The cost of pie production has 7 rows. The first column is labeled Pies produced per day with entries 0, 1, 2, 3, 4, 5, 6. The second column is labeled Total cost with entries 0, 1, 1.50, 1.75, 2.25, 3.50, 5. The third column is labeled Marginal cost with entries 0, 1, 0.50, 0.25, 0.50, 1.25, and 1.50.

This chart demonstrates that the marginal cost



initially decreases as production increases.
initially increases as production increases.
eventually decreases as production increases.
eventually increases as production decreases.

Answers

Answer:

initially decreases as production increases.

Explanation:

Marginal cost refers to the additional expenses incurred by producing one more unit. According to the chart, the production of the first item had a marginal cost of $1.  the second item had a marginal cost of $0.50, and the third item $0.25. The marginal cost trend is on the decline.

The marginal cost starts to increase after the fourth item. It is clear that the marginal cost was initially declining but began to rise as production increased.

Answer:

b

Explanation:

Select the correct answer.
Which legislation is the most recent piece of consumer protection legislation?
Consumer Bill of Rights
Fair Credit Reporting Act
Dodd-Frank Wall Street Reform and Consumer Protection Act
Credit CARD Act

Answers

Answer:

Consumer Bill of Rights

Explanation:

Do all states pay the same unemployment compensation and for the same length of time?

Answers

Answer:

Explanation:

Ultimately, the onus is on the state government to balance the checkbook, so the state has to decide the benefits maximum amount, duration, and eligibility to receive the benefits. For this reason, you notice that unemployment benefits largely vary by state. Some states like Massachusetts could pay as high as $1,220 depending on the eligibility criteria.

can someone help . i know I'm dumb:) x-5=7​

Answers

Answer:

Hey Army

Nice to meet you:)

your answer is 12

as x-5=7

so x=7+5

x is 12

Stream life goes on and Dynamite. :)

Answer:

x=12

Explanation:

x-5=7

x-5+5=7+5

x=12

All states require that drivers have liability insurance. Why is it also important to purchase uninsured motorist insurance anyway?

Answers

Answer:

see below

Explanation:

It is a requirement that all drivers purchase auto insurance. However, not all drivers oblige to this requirement. This is a certain percentage of drivers without any form of auto insurance.  

Uninsured motorists is an insurance policy that offers insurance protection for bodily injury in an accident caused by an uninsured motorist. Some uninsured motorist policies may cover damages to properties. Therefore, uninsured motorist insurance is important because it allows one to claim compensation from their own insurances if they are involved in an accident caused by a negligent uninsured motorist.

what are the advantages and disadvantages of allocating the resources ?

Answers

Answer:

The advantage of allocating resources in the public sector is that resources can be produced based on demographic needs.

The disadvantage of allocating resources is that there is room for corruption if the wrong individuals are chosen.

Explanation:

hope it helps

Describe the benefits of having a positive attitude.

Answers

you come off more respectful & with that people will also be more drawn to you. It will be easier to make bonds with people & gain others trust

The primary advantage of a positive attitude is it helps in achieving the objective of life by keeping clear mindsets.

What is a positive attitude?

The concept of having a positive mindset is one that desires and predicts success. To bring enthusiasm into one's life and play an active role in society, one must be ready to attempt new things.

It is a mindset that enables you to notice the positive aspects of others and your own successes rather than only the shortcomings, and it contributes to a healthy way of living.

It is said that if an individual sees positivity in surroundings it helps in bringing positivity in other life as well by reshaping their mentality with positive thoughts and creativity.

Those who have an optimistic outlook tend to be wealthier and more socially skilled because they consistently see the good in every circumstance, which facilitates effective communication.

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I really need help pleaseeee

Answers

This is false they use manufactures to make product not build their own
This question is true, because companies need factories to manufacture products

People need to have ____ in the economy to spend money.

A) less disposable income
B) confidence
C) purchasing power

Answers

Answer:

B) confidence

Explanation:

Consumer confidence represents the level of optimism that consumers have on the general state of the economy. Consumer confidence is an expression of sentiments that the population has on the economic prospects in the country. The consumer confidence indicator is the metric used to measure consumer confidence.

High consumer confidence indicates that consumers are very optimistic about the prospects of the economy. When confidence is high, consumers tend to spend and invest more. With low confidence, consumers save more.

Nokia's dramatic operational change and demonstration of organizational adaptability in transforming their business from wood pulp and logging to communications is one of the best examples of which innovation characteristic

Answers

Answer: Thinking laterally

Explanation:

Lateral thinking simply refers to an indirect way of solving problems. It typically involves a new and creative way of doing something.

This can be seen in Nokia's dramatic operational change and demonstration of organizational adaptability in transforming their business from wood pulp and logging to communications.

Lateral thinking is a new and innovative wa of doing something that's quite different from how others do it. This usually gives an organization a competitive advantage over its rivals.

please hurry!! Review each of the investment opportunities provided by Earll Investments and Pima Financial Trading. In at least two to three paragraphs, write an analysis of these opportunities that answers the following questions. What are the true risks of each investment, and do the companies accurately describe these risks? What are the potential returns of each investment, and do the companies accurately describe these returns? Based on the evidence available to you, which investment opportunity is more likely to be fraudulent? please be original

Answers

Answer:

Pima Financial

Explanation:

Pima Fiancial Trading is the best investment because they do not claim, unlike Earll Investments, that a high reward is always available with little risk. This is nearly never the case because the higher the risk the higher the reward. Pima Financial Trading's graph rises steadily while Earll's fluctuates heavily. So Pima Financial is the best choice.

Looking at the given question, one can analyse that Pima Financial Trading is best because they do not offer high reward with little risk.

What is investment opportunity?

Investment opportunity refers to tangible and intangible offerings that are given, sold or traded in order to earn profit or appreciation.

Thus, we can see that Pima Financial Trading has a steady rise in their trading graph.

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ANSWER PLS
3. Would you rather fund your company using mostily debt funding, or mostly equity
funding? Why? (1-5 sentences. 3.0 points)

Answers

Answer:

see below

Explanation:

Equity financing involves selling shares to investors. The entrepreneurs surrender part ownership to third parties. It means profits have to be shared, and there have to consultations in every major decision.

Debt financing involves borrowing from lenders. It has a big advantage in that the entrepreneur maintains full control of the business. They do not have to share profits with other people or risk being kicked out of the business. However, debts have to be paid. The monthly repayment for several years can have hamper progress. It reduces profits, making a business seem less valuable.

A business should balance between equity and debt financing. As much as possible, equity financing should have a bigger proposition of capital to be profitable and increase in worth.

An industry comprised of a very large number of sellers producing a standardized product is known as:

Answers

Answer:

The appropriate response is "Pure competition".

Explanation:

Pure competition seems to be an economically efficient circumstance where there is already a massive quantity of international customers and retailers as well as the manufacturer would be ready for deployment. Even though both a significant quantity of products as well as extremely similar or defined consumer items seem to be characteristics of pure competition.

Martha has $10,000 saved and wants to attend a college with a current tuition of $10,000 a year. She will graduate from high school in five years. Roughly how much more will Martha need to save for one-year’s tuition to account for an annual rate of inflation of 3%?

$1,590.00
$1,255.00
$300.00
$3,000.00

Answers

Answer:

$1,590.00

Explanation:

Martha has $10,000 saved one. She will join college after 5 years.

Tuition for one year is $10,000. Inflation rate is 3%

The applicable formula is A = P ( 1+ r) ^n

Where A = amount after 5 years

P= principal amount $10,000

r= interest rate 3% of 0.03

n = 5 years

A= $10,000( 1+ 0.03) ^5

A = $10,000 ( 1.03)^5

A= $10,000 x 1.159

A= 11,590.00

Marthe already has $10,000. She will need  11,590.00 - $10,000 more

=$1,590.00

Imagine you are a health care professional presenting an argument about the effort to strike a balance between cost-effectiveness as it relates to treatment and quality of care. Make an effective argument for one side or the other, using examples from scholarly sources

Answers

Answer:

Throughout the clarification section below the overview according to the situation given is summarized.

Explanation:

Those who understand the argument that it would be very crucial for healthcare institutions to find an appropriate equilibrium regarding cost savings in terms of treatment versus the outcome of education, although medical professionals could only be able to continue giving help regarding health so many of the community fairly if they can accomplish the goal of economic feasibility alone.Cost productivity, as well as the level of the product, have such a negative correlation with something which means that the expenditure would naturally decrease with either the improvement in the standard of treatment, consequently allowing the industry premium and yet at the same moment successful in performance.

However, in the forthcoming development, insurance reveals greater interest about what kinds of expenditures or improvements are somewhat more successful in improving and encouraging the level of efficiency of healthcare organizations or what kinds of interventions as well as expenditures resulting throughout the bottom of the distribution or diversion.

Suppose that if your income is $100,000, your tax is $20,000, but if your income is $200,000, your tax is $45,000. Such a tax is

Answers

Answer:

"Progressive" would be the correct answer.

Explanation:

A Progressive tax was indeed determined by the capability of the tax authorities to charge or compensate. It wants to inflict a lower corporate rate of taxation on low-wage earners unlike those with maximum income levels. This would be generally accomplished by establishing taxation levels for the group of tax-paying citizens based on income frequencies.

That is why the aforementioned seems to be the correct approach.

You end summer with 105 tennis rackets in inventory. you only average sales of 10 rackets per week over the next three months. How long will your supply of tennis rackets last?
-
a. 10.5 weeks
b. 12 weeks
c. 14 weeks
d. 18.5 weeks

Answers

Answer:

the answer is a 10.5 weeks

Explanation:

this is because if u divide 105 tennis rackets by 10.5 weeks it gives you your average sold a week wich is 10.

10.5 weeks long will your supply of tennis rackets last, as you only average sales of 10 rackets per week over the next three months. Hence, option A  is correct.

What is average sales?

You may easily get the total amount of all sales orders inside the selected timeframe and divide by the intervals to determine the average sales for your chosen period. For instance, multiplying the value of sales for a year by 12 will yield the average sales per month the number of months in the year.

the amount of merchandise that is typically sold each day, as determined by dividing the total amount sold over a period of time by the number of days in that period: In its first month of publication, the newspaper reported average daily sales of more than 21,000.

Thus, option A  is correct.

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a small network is bigger than a large network.​

Answers

Answer:

false

Explanation:

From a business standpoint, I can say that this statement is false. A larger network is bigger and more efficient because it generates more leads and opens more opportunities. By having a larger network you connect with individual's who are know others that may not be in your network and may be strategically positioned to provide you with information, help or even opportunities that you would not have had if your network was small.

What is the meaning of market testing?
A. conducting a SWOT analyses
B. performing a premarket test before venturing into full-scale production
С. creating a prototype
D. conducting market research

Answers

Answer:

The correct option is;

B. Performing a premarket test before venturing into full-scale production

Explanation:

Market testing is the process of appraising the different scenarios and arrangements that can be encountered and the selection of the most appropriate arrangement that is most favorable for expansion

Market testing involves trials made to answer the following questions;

The level of demand for the marketed  product

The customers demanding the product, and customer opinion about the product, compared to those of the competitor

The expected level of sales

The best form of advertising

The legal requirements

The competitors in the market

Other market reactions to product launch

Answer:

B

Explanation:

Somebody report all my post thank you ‍♀️ I wanted everything deteled !!!!

Answers

I’m sorry to hear that

Explain how insurance companies use statistics.

Answers

Answer:

 Statistics is used to determine what risk an insured poses to an insurance company, what percentage of policies is likely to pay out, and how much money a company can expect to pay out in claims

how many months weeks days are in 157 days?

Answers

The answer is 5.162 months

Tim is the accountant of a trading firm. Two years ago, the company bought a commercial van that had a value of $10,000. The van’s current market price is $8,500. However, Tim continues to value it at the original cost. Which principle guides his action?

Answers

Answer:

B. historical cost

Explanation:

According to the historical cost principle, the assets should be valued at purchased cost whether the market value is more or less

Since in the question, it is mentioned that the Tim continues the commercial van value at the purchased cost only even the market price is available

So this represents the historical cost principle

Hence, the correct option is b,

Why do you think special riders are necessary to cover jewelry, stamp collections, coin collections, and laptop computers?

Answers

Answer:

A special riders are necessary to cover jewelry, stamp collections, coin collections, and laptop computers is explained below in details.

Explanation:

Muslims dominate North Africa throughout the period of 1500 up to 1800. they created a block to prevent moreover European investigation from infiltrating Africa from the north. however, the Dutch were yet capable to progress via the inside with having south Africa as one of the roads heading to the east for exchanging with Asia.

What function of management uses the ability to look at how a plan has been implemented and
reflects upon how things could be improved?

Implementing
Controlling
Strategic
Mixed

Answers

Answer:

Controlling

Explanation:

Controlling is among the major functions of management.  As a management function, controlling means taking measures to ensure subordinates are working according to plan. It is verifying that all activities are in line with the given instructions and guidelines. Controlling ensures the business is on the right path to achieving its objectives.

Management has to control how the organization’s resources are used. They have to ensure effective & efficient use of resources to achieve predetermined goals.

The situation that allows the broker to appoint one or more agents for the client within the same firm, is called

Answers

Answer:

Designated agency.

Explanation:

These form of professionals are seen to be run professional duties in several contracting agencies where they are assigned to. This can be seen in real estate, marketing firms, culinery agencies etc. But the above case discuss about brokers. And here this contracting firm is seen to a certain number of workers to a particular firm. In many cases, these agencies do these in a bid to circumvent the conflict of interest inherent in dual agency.

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