Respuesta :
Uninsurable risk : The risk cannot be estimated and not probable to forsee
Example : You cannot insure you losing or winning the lottery
Insurable Risk : If the risk is can be estimated and probable to forsee
Example : A football player insure their legs from potential injury
hope this helps
Example : You cannot insure you losing or winning the lottery
Insurable Risk : If the risk is can be estimated and probable to forsee
Example : A football player insure their legs from potential injury
hope this helps
Difference between uninsurable and insurable risks
Answer: The difference is the following: a risk is uninsurable when the insurance company cannot calculate the probability of the risk. On the other hand a risk is insurable if the insurance company has enough statistics to work out the probability of the risk.
I hope it helps, Regards.
Answer: The difference is the following: a risk is uninsurable when the insurance company cannot calculate the probability of the risk. On the other hand a risk is insurable if the insurance company has enough statistics to work out the probability of the risk.
I hope it helps, Regards.