Insurance Risk: What is the Meaning of Insurance Risk?
A simple definition of Insurance Risk is: Insurance risk is a risk or risk that is insured by the insurer in accordance with the terms of the policy. These risks or risks can result in financial losses, such as property damage or personal injury, if they occur.
If an insured event occurs and a claim is made, the insurer will have to pay a sum assured to the insured.
Examples of insurance hazards include fire, earthquake or even civil liability, where the insured is responsible for bodily injury, ■■■■■ or material damage to a third party.
The more risk your insurance covers, the more comprehensive and therefore more expensive your policy will be.
The best policies are those that cover insurance related risks at a very low cost.
Possibility of harming the patient in insurance or reinsurance agreement. Under FAS 113, insurance risk is defined as the presence of underwriting risk in addition to investment opportunities and risks.
Literal Meanings of Insurance Risk
Meanings of Insurance:
An agreement in which a corporation or state guarantees certain damages, injury, illness or ■■■■■ in exchange for a certain premium.
Something to protect against possible emergencies.
Sentences of Insurance
Many new borrowers buy unemployment insurance or health insurance.
Jacket hanging on the back of the chair, protected against air conditioning.
Synonyms of Insurance
preventive measure, warranty, shelter, safety measure, defence, (financial) protection, provision, surety, cover, precaution, indemnification, assurance, security, safeguard, immunity, indemnity, protection, guarantee, backstop
Meanings of Risk:
Risk management situation
Expose someone or something valuable for loss, damage or loss.
Sentences of Risk
Ignoring the law is very dangerous.
Synonyms of Risk
prospect, chance, likelihood, endanger, bet, probability, possibility, put in jeopardy, take a chance with, wager, put at risk, peril, gamble (with), imperil, put in danger, threat, jeopardize, expose to danger, danger, venture, fear, put on the line