By inspecting the premises and operations of insurance appli

By inspecting the premises and operations of insurance applicants and thus improving the information on which the underwriting department bases its decisions about which applicants to accept and how to price coverage, risk control activities primarily help insurers achieve which one of the following goals?

Select one:

a. Comply with legal requirements

b. Fulfill duty to society

c. Meet customer needs

d. Earn a profit

Solution

d. Earn a profit

This activity will ensure proper assessment which in turn would enable the underwriting department to price/ accept the application resulting in improved profitability