insurance risk
Actuarial assessment target
Insurance risk is the possibility of financial loss that an insurance policy covers, or a person or thing representing such a possibility.
Insurers evaluate risks to set premiums: a teenager is a higher insurance risk than a middle-aged driver, a wooden house more than brick.
The underwriter assessed the insurance risk before approving the policy.
Something described as a bad insurance risk is likely to result in claims.
- hazardSource of potential harm
- premiumAdded cost for better
- liabilityLegal or financial obligation
- underwritingRisk evaluation and acceptance
- actuaryFinancial risk analyst
claim · exposure · peril · act of God · deductible · fine print · policy · probability · loss · uncertainty · catastrophe · flood · fire · accident · mortality · damage · worst case scenario · assessment
insurance riskcertainty
Total absence of doubt
sure thing · known quantity · fixed cost · safe bet · stable condition
insurance risksecurity
Protection from threat
coverage · financial guarantee · safeguard · indemnity · hedge
insurance, risk, insure, insured, insurer, insurers, insuring, uninsured, reinsurance