Level of risk is determined by the probability of the occurrence of a certain event and the extent of losses likely to be suffered due to the occurrence of the event. needs of the people for various types of protections. the various types of risks to which the subject matter of insurance is exposed to the experience of a company in a particular region.
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The probability of the occurrence of a certain event and the ... suffered due to the occurrence of the event. b) Needs of the peoplefor various types of protections
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no possibility of gain
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