Question

23.
On 6th August there was a typhoon. Mr Augustin who had insurance died in typhoon. Now how willthe insurance company categorise this particular risk?
Under the category of Pure risk
Under the category of peril risk​

Answer 1

Answer:

Under the category of Pure risk

Explanation:

Pure risk is a category of risk that cannot be controlled and has two outcomes: complete loss or no loss at all. There are no opportunities for gain or profit when pure risk is involved.

Pure risk is generally prevalent in situations such as natural disasters, fires, or death. These situations cannot be predicted and are beyond anyone's control. Pure risk is also referred to as absolute risk.

hope it helped.