Answers

2016-03-10T16:48:03+05:30

An insurable risk is a risk that meets the ideal criteria for efficient insurance. The concept of insurable risk und

If the insurance company has enough statistics to work out the probability of the risk, this is called an insurable risk.Actuaries are highly qualified people working for insurance companies; their role is to work out exactly what risks the company will carry. The degree of the risk will influence the insurance premium.


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