Viability and relevancy of insurance products

Insurance protects us against risk, because it transfers the cost of a potential loss to the insurer in exchange for a fee, known as the premium.
Viability is the ability of a business to exist, be profitable and to grow. In terms of insurance. So, insurance products may be viable if they are profitable. And in order to be profitable, insurance product must consider the following factors: scale, containing claims costs, and containing administration costs.

Ithink its 3! hope it : -)