Factors a risk manager must consider in selecting an insurer include which of the following?
I.The availability of risk management services
II.The financial strength of the insurer
A)I only
B)II only
C)both I and II
D)neither I nor II

Question

Quizplus · Accepted Answer

Both factors I and II are important for a risk manager to consider when selecting an insurer. The availability of risk management services provided by the insurer can help the risk manager to reduce and manage potential risks, whereas the financial strength of the insurer is important to ensure that the insurer has the ability to pay out claims in the event of a loss. Therefore, both factors are crucial in selecting the insurer.

Factors a Risk Manager Must Consider in Selecting an Insurer