What role does math play in the insurance industry?
a. Insurance companies use statistics to find how likely a client will need to
use the insurance so they can set premiums in order to have the highest
chance of making a profit.
Insurance companies use algebra and geometry to calculate the distance
from clients' major emergencies to nearest hospitals.
Insurance companies use statistics to hypothesize how likely clients are
to switch over to competitive companies.
d. Insurance companies use calculus to find out how likely a client will need
to use the insurance so they can set premiums in order to have the
highest chance of making a profit.