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

耶鲁公开课 - 金融市场课程节选

There's still substantial insurance risk because the-- it could easily be only 15% or it could be 25% of the policies that end up paying.

这其中仍然存在一定的保险风险...,最后可能只有15%需要赔付,或者25%需要赔付

耶鲁公开课 - 金融市场课程节选