The differences between uninsurable and insurable risks

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asked Jun 19, 2017 20.3k views

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Yash Ojha · Answer 1 · 2017-06-21T05:45:45+0000

Difference between uninsurable and insurable risks

Answer: The difference is the following: a risk is uninsurable when the insurance company cannot calculate the probability of the risk. On the other hand a risk is insurable if the insurance company has enough statistics to work out the probability of the risk.

I hope it helps, Regards.

Samyukt Shah · Answer 2 · 2017-06-25T16:35:12+0000

Uninsurable risk is one where the insurance company cannot calculate the probability of the risk occurring which can happen due to numerous reasons. An insurable risk is one where the calculations can be made and the premium that gets paid is determined.

The differences between uninsurable and insurable risks

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