Question

Write down the features of insurable risk.

Answer 1

Answer:

There are ideally six characteristics of an insurable risk:

Explanation:

There must be a large number of exposure units.

The loss must be accidental and unintentional.

The loss must be determinable and measurable.

The loss should not be catastrophic.

The chance of loss must be calculable.

The premium must be economically feasible.

Answer 2

Answer:

• Hey.

Explanation:

• Here is your answer.