Which of these is NOT a function of insurance?

Increasing operational risks is not a function of insurance because the primary purpose of insurance is to manage and mitigate risks rather than increase them. By pooling resources from multiple policyholders, insurance redistributes risk, allowing individuals or businesses to share potential losses.

Functions of insurance typically include providing peace of mind to policyholders by mitigating fears of financial loss in case of unfortunate events, facilitating economic growth by ensuring stability and predictability in financial planning, and distributing risk among many insured individuals or organizations to lessen the financial burden on any single entity. In this context, operational risks are not enhanced by insurance; rather, insurance serves to alleviate the impact of such risks through coverage and support.