The correct answer is B. Soft Market.
A soft market is an environment where insurance is plentiful and sold at a lower cost, also known as a buyers market. This is because there are more insurance companies competing for customers, which drives down prices. In a soft market, it is easier for businesses and individuals to find affordable insurance coverage.
A hard market is the opposite of a soft market. In a hard market, insurance is scarce and expensive, also known as a sellers market. This is because there are fewer insurance companies competing for customers, which drives up prices. In a hard market, it is more difficult for businesses and individuals to find affordable insurance coverage.
An alternative market is a market for insurance that is not regulated by the government. This type of market is often used by businesses and individuals who cannot find affordable insurance coverage in the traditional market.
I hope this helps! Let me know if you have any other questions.