Answer:
Risk Retention
Explanation:
According to my research on different risk management techniques, I can say that based on the information provided within the question the technique being used is called Risk Retention. This is when a company decides to take most if not all responsibility for the risk it is facing instead of passing that risk on to an insurance company. Which is what is happening in this situation since Alexander is choosing the highest deductible, which means he will be covering most of the payments/risks if they occur but will be paying a lower monthly cost for that policy.
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