What is a major responsibility of insurers regarding the assessment of risks?

The major responsibility of insurers regarding the assessment of risks is setting insurance rates. This process involves evaluating various factors related to potential policyholders to determine the likelihood of claims. Insurers assess risks based on demographics, claim history, and other factors, which allows them to calculate appropriate premiums that reflect the level of risk associated with each individual or entity.

Setting insurance rates is crucial because it ensures that the insurer can cover potential losses while also remaining competitive in the market. By accurately assessing risk, insurers can establish rates that are fair and sustainable, protecting both their financial health and the interests of policyholders.

Other options like paying claims quickly, offering discounts, and conducting customer surveys are important aspects of an insurance company's operations but do not directly relate to the fundamental responsibility of risk assessment. Paying claims involves fulfilling contractual obligations after risks have materialized, offering discounts is a marketing strategy to attract or retain customers, and conducting customer surveys helps improve services but isn't part of assessing risk for setting rates.