Uncertainty

2 Posts
1 Sections
1 Types

October 10, 2023 4 min read Definitions

Understanding Risk in General Insurance Terms

Finance Insurance Risk Management Insurance Risk General Insurance Uncertainty Coverage

Learn about the term 'Risk' in general insurance, which refers to the person, organization, or thing insured, and the uncertain outcomes in events with multiple possibilities.

October 3, 2023 5 min read Definitions

Understanding the Degree of Risk in General Insurance Terms

Insurance Risk Management Economics Insurance Risk Management Probability Uncertainty General Insurance

Learn about the concept of Degree of Risk in general insurance terms, representing the uncertainty and chance that reality may differ from predicted outcomes.