Business Studies, asked by Jananii8250, 28 days ago

Which element of insurance is considered for valuation of risk?

Answers

Answered by samgeorge0405
0

Answer:

Most insurance providers only cover pure risks, or those risks that embody most or all of the main elements of insurable risk. These elements are "due to chance," definiteness and measurability, statistical predictability, lack of catastrophic exposure, random selection, and large loss exposure.

Explanation:

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