Decrease the rate should increase the business? Explain

Business Management Business Organization Insurance

Question added by Imran Khan , Store Keeper/ Procurement , BIC Contracting LLC
Date Posted: 2016/07/28

Upvote (0) Views (2) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

by Deleted user

when you decrease the rate of the premium, the amount of coverage is also decreased, so the amount of loss (in case of a claim) is also decreased, this based on the assumption that you are talking from the insurance provider perspective.

Upvote (0)

Downvote Reply () Report

More Questions Like This

Some countries' employment rate has dropped. Where do you think globally we will be in 10 years time if this trend continues? Who will pay the bills?
Top Answer: In this case, I can see Taxes will be applied in this so far Tax Free country.... See More

Answers (7)
Whats your expectations in the coming five years for salaries growth rate in banking and financial sectors for the Gulf region ?
Top Answer: The growth rate of the salary structure is measured based upon the economic development and also the GDP ... See More

Answers (1)
Impact on marginal cost per unit where production increases with constant variable cost per unit and fixed cost a Decrease b Increase c No Change?
Top Answer: The answer is B , in that situation any movement of the price in the market the affected in the construct ... See More

Answers (2)
Is charging current increasing or decreasing with increase in length of conductor/transmission line?
Top Answer: charging current increase with increasing in length of conductor/transmission line See More

Answers (3)

Products By Bayt.com

Use Our Mobile App

Start networking and exchanging professional insights

Decrease the rate should increase the business? Explain

Popular Searches

More Questions Like This