Which of the following benefits the insured when losses are predictable and manageable?
A)Loss avoidance
B)Loss forecasting
C)Loss retention
D)Loss transfer
E)Loss backcasting

Question

Quizplus · Accepted Answer

Loss retention benefits the insured when losses are predictable and manageable because it involves setting aside funds to cover potential losses, which can be a cost-effective strategy when losses are not severe and can be anticipated.

Which of the Following Benefits the Insured When Losses Are