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Aniyah J.

@aniyah_uj95

The Insurance Calculation

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)

30 SAVES

27 READS

IDEA EXTRACTED FROM:

The Rational Approach To Buying Insurance - The Money Habit

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