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this refers to the payment of premiums into a fund or pool to pay for the losses that occur

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Q: What is pooling of risk with reference to re-insurance and short-term insurance?
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Related questions

Difference between pooling of risk in shortterm and longterm insurance?

terms period


How does life insurance differ from other types of insurance?

Life insurance is not based on risk pooling.


What are the basic principles of life insurance?

There are, in fact, a wide variety of "basic" principles of life insurance. Some of these principles include risk management, risk pooling, and human life value.


What is pooling substation?

The Substation which comes power from the power plant know as pooling substation.


What are importance of insurance?

Insurance is a cost-sharing mechanism designed to limit peope's financial risks to sudden, severe and unanticipated losses. The idea behind insurance is that, by pooling premiums paid in, people and corporations can either avoid or reduce losses that would result if no insurnance was in place.


What are the importance of insurance?

Insurance is a cost-sharing mechanism designed to limit peope's financial risks to sudden, severe and unanticipated losses. The idea behind insurance is that, by pooling premiums paid in, people and corporations can either avoid or reduce losses that would result if no insurnance was in place.


What was a common activity of the grange?

pooling resources to buy equipment pooling resources to buy equipment


What is is blood pooling?

blood pooling is when the circulation of blood is minimal or non-existant in a part of the body.


What is the meaning of manpower pooling?

Pooling regards to putting together and aggregation of capital, objects and human resources. Similarly manpower pooling is the assembly of human labor/resources towards an objective.


What are the most common causes that cause of pooling blood?

Long periods of reclining can cause pooling of blood in dependent areas. Vasovagal reactions also cause pooling of blood.


What is the definiton of blood-pooling?

blood pooling is when the circulation of blood is minimal or non-existant in a part of the body.


What is pooling in the field of operating system?

pooling is creation of buffer pool (temp.storage) for reading and writing operations..!