There are some risks that you can transfer to an insurance company.  There are also risks that you may want to retain.  We all know the common risks that are transferred to insurance companies:  auto, home, health, life.  Detail a risk that could be transferred to an insurance company, but isn’t utilized as often as the most common ones mentioned.  Explain the risk that can be transferred, when it’s used

Q: It pertains to a risk management technique when acquiring a life insurance. * risk avoidance risk…

A: One of the risk management technique is Risk Transfer where one party transfer the risk to another.…

Q: nsurance is a way to decrease the ffinancial risk from unexpected events, like an illness, car…

A: Insurance is a very important tool in finance which helps us to mitigate risks and reduce risks due…

Q: Briefly explain the difference between an insurance and an assurancepolicy?

A: Insurance policy and Assurance policy are two different policies.  Insurance policy provides…

Q: S1: It is more advantageous and beneficial to the insured if there are more riders included in the…

A: Rider in insurance industry is an additional benefit given to the insured for the enhancement of…

Q: If the chance that a risk will occur cannot be reasonably predicted or the possible financial loss…

A: An uninsurable risk is one that presents an unknown or unacceptable risk of loss for an insurance…

Q: Why do you think a speeding ticket or DUI would increase your insurance rate? O The insurance…

A: Insurance is a financial product that provides protection against potential financial losses.…

Q: need ASAP Last year Cisco Incorporated issued bonds with a maturity of 20 years, these bonds have a…

A: Bonds are financial instruments representing loans made by investors to governments or corporations,…

Q: MATCH WITH THE  BEST ANSWER Liability Insurance Mistakes happen. You, your employees, your…

A: Insurance: It is an agreement between two parties where a party undertakes to cover the other party…

Q: risk" factor

A: Risk is a term that shows the possibility of injury or loss to the health, business, vehicle, etc.…

Q: scuss insurance costs and unreimbursed losses

A: Defining and discussing  the terms, Insurance Cost and unreimbursed losses, both the terms are used…

Q: The promises of the insurer are found in the insurance policy. True False

A: True. The insurance policy contains the terms, conditions, and promises made by the insurer to the…

Q: A risk group căn be đefined as a group that shares ghly the same risks of an adverse event…

A: Risk is something which is bear by insurance company in consideration of premium that they have…

Q: What are the main parts of an insurance contract and what are they designed to accomplish? How are…

A: Insurance is a contract between an individual or entity (the insured) and an insurance company (the…

Q: We said in our Risk Management and Insurance Planning course that Traditional/Non-Guaranteed Life…

A: Risk Management and Insurance Planning courses often delve into the intricate world of life…

Q: Can both moral hazard and adverse selection occur in the insurance market s the difference between…

A: The insurance industry is an important part of the overall financial industry. Insurance is bought…

Q: Please add a source to the question. If you do want to elect COBRA coverage, what are some important…

A: COBRA (Consolidated Omnibus Budget Reconciliation Act) is a federal law that requires employers to…

Q: How can a patient benefit if the premiums paid are more than the cost of the medical care received?…

A: When deciding between individual and group health insurance, a patient should consider several…

Q: Indicate whether the statement is true, false, or unclear, and justify your answer.On average,…

A: Life insurance additionally presents a prepared market for testing the forecasts of the adverse…

Q: When compleling an insurance applicalion, a producer should A. complete as much of the application…

A: The job of the producer is to make sure that the applicant knows all the features of the insurance…

Q: If there is a small probability of a risk occurring, a business may choose to assume the risk rather…

A: Risk management is the process through which companies detect, analyse, and address risks that may…

Q: Name a peril that is often excluded from an home or auto insurance policy.  Why is the peril…

A: Insurance is a contract that compensates the insurer against loss from specific contingencies or…

Classification Of Risk

Risk means when there could be a possibility that the returns expected from a particular project or investment may or may not match the investor's expectations. In other words, the uncertainty of an income arising from a source that would either be lower than expected or result in losses in risk exposure of the project. The higher the risk involved, the higher is the return expected by the investor as the investor is exposed to a high level of risk. There are various methods by which different types of risk can be assessed and avoided or mitigated.