In insurance , need-gap analysis involves_________

A. Identifying the areas where the prospect needs insurance protection

B. Indentifying people to work as insurance agents

C. Identifying how much assets a prospect has

D. Identifying the poverty level of the prospects

Answer: Option A

Solution(By Examveda Team)

In insurance, need-gap analysis involves identifying the areas where the prospect needs insurance protection. In need gap analysis we engage in a process of gathering detailed information about the prospect’s insurance requirements, to identify and determine the assets and perils for which there is inadequate coverage. The objective here is to collect as much additional information about the prospect as possible.