单词 | pool a risk |
释义 | pool a risk in Insurance (pul ə rɪsk) Word forms: (present) pools a risk, (past) pooled a risk, (perfect) pooled a risk, (progressive) pooling a risk phrase (Insurance: Reinsurance) risk, risk poolingIf an insurer pools a risk, it takes on a share of each risk underwritten by every other member in an association of insurers or reinsurers. Pooling risk is an important way insurers reduce the costs of bearing risk. The savings provided by pooling risks allow insurance companies, even with overhead and expenses, to provide certain productsand services more efficiently than one can duplicate on its own. If an insurer pools a risk, it takes on a share of each risk underwritten by every other member in an associationof insurers or reinsurers. |
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