A non-bank financial intermediary which is regarded as a pool of risks is the

An insurance company is a non-bank financial intermediary which is regarded as a pool of risks. This is because an insurance company pools together premiums from individuals and businesses, and uses that money to pay out claims to those who experience losses or damages covered by their policies. By doing this, the insurance company spreads the risk of loss among many policyholders, reducing the financial impact on any individual. The insurance company is able to operate in this way because it uses statistical data to calculate the likelihood of various events occurring and sets premiums accordingly.