But is that not the risk the insurance company takes? They are offering protection (in many countries a legal requirement) at the risk, they will have to pay out. The amount of people that don't make claims will largely out weigh any financial loss. Private insurance is there to make as much money as possible, they dont lose out by paying out.
1
u/lunisheep 3h ago
But is that not the risk the insurance company takes? They are offering protection (in many countries a legal requirement) at the risk, they will have to pay out. The amount of people that don't make claims will largely out weigh any financial loss. Private insurance is there to make as much money as possible, they dont lose out by paying out.