II Watch the video and fill in the gaps with the words from the list. There are some words you don’t need to use.
Policyholders; predicted; exactly; protection; exposed; statistical; amount; insurers; opposed; statistics; paid; policymaker; insurance; personal; fund; save; covers; similar; compensation; occur; predict; good; assure; person; suffer; prepare Insurance
1)_ risks you can't 2)_ for, so you don't have to 3)_ all your money. But how can 4)_ provide 5)_ when so many losses 6)_ every day? With lots of 7)_ risks insurers can 8)_ roughly the number of losses they might have. They won't know 9)_ , but experience and 10)_ data can give them a pretty 11)_ idea. In fact, only a small proportion of 12)_ will actually 13)_ a loss in any given year. An 14)_ company offers its 15)_ by grouping together people who all feel 16)_ to the same risk. By collecting an 17)_ of money, a premium, from each 18)_ , the insurer can accumulate a 19)_ , called a pool, out of which losses can be 20)_ .