Insurance: A Risky Business?
Insurance is a game of chance — a gambler’s game similar to Wall Street trading and big casino betting that, much like trading or gambling, is also a for-profit profession. Therefore, it would be a judicious move on the part of anyone entering the insurance field to ensure that the odds are stacked in favor of the house. One way that insurance companies try to protect themselves is through “risk management.” To quote Ricardo Antunes and Vincent Gonzalez: “Risk management’s objective is to assure uncertainty does not deflect the endeavor from the business goals.” The goal in this instance is to make a profit while offering a customer piece of mind against a perceived threat in one undertaking or another.
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