Business Studies, asked by ishuk4967, 1 year ago

Differentiate between insurable risks and non-insurable risks.

Answers

Answered by anmol4032
5
An insurable risk is a riskthat meets the ideal criteria for efficient insurance. The concept ofinsurable 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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