Ideas from books, articles & podcasts.
The calculation for insurance runs like this: The company is profitable when the cost of premiums that we pay is greater than the future claim that we may ask for (having a certain probability).
Cost of Premium > (Cost of claim) x (Probability of claim)
MORE IDEAS FROM THE SAME ARTICLE
Generally, insurance is understood as a bet. We pay a premium and are secure about some uncertain future costs which may be substantial for us.
created 15 ideas
created 6 ideas
created 4 ideas
This tips show basic strategies to employ during negotiations at work.
❤️ Brainstash Inc.