(Insurance: General) Risk pooling is the practice of sharing all risks among a group of insurance companies. ▶ risk, pool a risk
⇒ With risk pooling arrangements, instead of participants transferring risk to someone else, each company
reduces their own risk. ⇒ Risk pooling allows an insurance carrier to provide an income stream via an immediate annuity,
even with its costs and expenses, far more cheaply than a person could on his or her
own. ⇒ Risk pooling is the practice of sharing all risks among a group of insurance companies.
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