Inheritance tax and Insurance risk: Difference between pages
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'' | '''1.''' | ||
For the customer - or potential customer - of an insurer, insurance risk is the risk of financial loss or other adverse effects resulting from failures in relation to the organisation's insurance purchasing activities. | |||
A simple example would be failing to pay an insurance premium on time, resulting in the organisation being uninsured. | |||
[[ | |||
'''2.''' | |||
For an insurer, a primary insurance risk is the risk of making losses on the provision of insurance. | |||
The most common cause is a greater than expected number or value of claims, or both. | |||
== See also == | |||
*[[Insurance]] | |||
*[[Premium]] | |||
Revision as of 16:01, 30 October 2016
1.
For the customer - or potential customer - of an insurer, insurance risk is the risk of financial loss or other adverse effects resulting from failures in relation to the organisation's insurance purchasing activities.
A simple example would be failing to pay an insurance premium on time, resulting in the organisation being uninsured.
2.
For an insurer, a primary insurance risk is the risk of making losses on the provision of insurance.
The most common cause is a greater than expected number or value of claims, or both.
