They're essentially more risky and more-- regulators have to watch them more because they're standing at higher probability- a monoline--of some major disaster.

单线保险公司风险更大,监管机构对其监管更严,因为他们遇到危机的,可能性更大

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So, the insurance company with one hundred policies would have still substantial risk.

所以签了100份保单的保险公司,仍然面临一定的风险

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If the insurance company has risk, it's because they've made a mistake.

如果说保险公司有风险的话，那是因为他们犯了一个错误。

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They have to contend with something called moral hazard, which is the risk that people will be affected by the fact that they're insured and do something bad.

保险公司必须应对道德风险的问题,也就是说,有些人可能会因为购买了保险,而动了歪念来骗取保费

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Insurers, just like mutual funds, are providing risk pooling for you.

保险公司和共同基金一样,为客户提供风险汇聚服务

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When you do these calculations, which I just did for insurance-- I was talking about insurance companies-- assuming that risks are independent, everything's independent and we've got it all figured out.

当你试图去,做保险相关计算时,我指的是保险公司...,假定风险是独立的,事件都是独立的,可以算出一个结果

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