Question

what is the primary purpose of insurance? to make a profit for policyowners to eliminate all risk to transfer risk from an individual to an insurer to guarantee financial gain

Explanation:

Insurance functions by policyholders paying premiums to an insurer, who takes on the financial risk of covered losses. It does not exist to make a profit for policyowners, cannot eliminate all risk, nor guarantee financial gain. Its core purpose is shifting risk from the individual to the insurer.

Answer:

to transfer risk from an individual to an insurer