Question

Q4. The type of risk that can be insured against is
Speculative Risk
Pure Risk
Pure & Speculative risk
Non Financial Risk​

Answer 1

Answer:

Speculative risks are not insurable. Both speculative risk and pure risk involve the possibility of loss. However, speculative risk also involves the possibility of gain as well - even if there is no loss. In order to understand why, you will need to understand the difference between the two.