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:
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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.