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insurable risk

A risk that conforms to the following criteria: The possible loss must be plainly explained; the loss must be accidental and significant enough to be considered a hardship to the insured; the loss must also be part of a similar group of risks, so as to make the loss foreseeable; the loss must not occur at the same time as multiple others; and finally, the insurer must be able to compute the probability of a loss and a realistic cost for the insurance.

Related information about insurable risk:
  1. Insurable risk - Wikipedia, the free encyclopedia
    An insurable risk is a risk that meets the ideal criteria for efficient insurance. The concept of insurable risk underlies nearly all insurance decisions. For a risk to ...
     
  2. What is insurable risk? - BusinessDictionary.com
    Definition of insurable risk: Eventuality for loss or damage that is (1) definable, (2) fortuitous, (3) similar to a large number of known exposures, and (4) pays a ...
     
  3. What is insurable risk? definition and meaning - InvestorWords.com
    Definition of insurable risk: A risk that conforms to the following criteria: The possible loss must be plainly explained; the loss must be accidental and significant ...
     
  4. insurable risk - Business Definition
    insurable risk definition: A financial risk that can be transferred to an insurance company. For a risk to be insurable it must be random, definable, and measurable ...
     
  5. insurable risk -- Britannica Online Encyclopedia
    insurable risk. ... From the standpoint of the insurer, an insurable risk must meet the following requirements: Websites. Help us expand the resources for this topic ...
     
  6. Understanding Insurable Risk
    Feb 19, 2009 ... As consumers, we may not like the premium we are quoted or the limitations and/ or exclusions in a policy but we do have the luxury of ...
     
  7. Insurable Risk
    Definition of "Insurable Risk". The conditions that make a risk insurable are (1) the peril insured against must produce a definite loss not under the control of the ...
     
  8. Insurable Risk Profiling | Aon Insurance Brokers and Risk Managers
    Aon's risk profiling experts conduct a thorough risk analysis process to determine your key risks.