Question

How many types of risk are there on the basis of Insurance business?

Answer 1

Answer:

I think there are two types of risk on the basis of insurance business that are economic and non economic

Answer 2

Answer:

Mark 〽 me Brainleist

Explanation:

There are four ways to mitigate pure risk: reduction, avoidance, acceptance, and transference. The most common method of dealing with pure risk is to transfer it to an insurance company by purchasing an insurance policy. Many instances of pure risk are insurable.