What role does math play in the insurance industry?
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.
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.
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