define insurable risk
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An insurable risk is a risk that meets the ideal criteria for efficient insurance. The concept of insurable risk underlies nearly all insurance decisions. ... In other words, the risk cannot be catastrophic, or so large that no insurer could hope to pay for the loss.
cooki13:
is this correct
but it's copied
from where it is copied
Wikipedia
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An insurable risk is a risk that meets the ideal criteria for efficient insurance. The concept of insurable risk underlies nearly all insurance decisions. In other words, the risk cannot be catastrophic, or so large that no insurer could hope to pay for the loss.
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