insurable risk definition

{ bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, var mapping_topslot_a = googletag.sizeMapping().addSize([746, 0], []).addSize([0, 550], [[300, 250]]).addSize([0, 0], [[300, 50], [320, 50], [320, 100]]).build(); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, Insurable definition is - that may be insured. 'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">. googletag.pubads().disableInitialLoad(); { bidder: 'appnexus', params: { placementId: '11654174' }}, In case of a scenario where the loss is … { bidder: 'appnexus', params: { placementId: '11654174' }}, { bidder: 'sovrn', params: { tagid: '346693' }}, 'cap': true {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, userSync: { With respect to asset-backed securities, as defined in subsection (2) of this section, the determination shall be based solely on the pool of assets pledged in support of the insured obligation or securing the financial guaranty insurance … googletag.cmd = googletag.cmd || []; { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, 'max': 8, 'increment': 1, var pbjs = pbjs || {}; {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, }, 'max': 3, }, { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, { bidder: 'appnexus', params: { placementId: '11653860' }}, }); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, "sign-in": "https://dictionary.cambridge.org/auth/signin?rid=READER_ID", Financial riskrefers to the risk in which the outcome of the event is measurable in terms of the money i.e., any loss that could occur due to the risk can be measured by the concerned person in monetary value. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, iasLog("criterion : cdo_l = en"); They will need to charge a conservatively high premium in order to mitigate the risk of paying too large a claim. Browse our dictionary apps today and ensure you are never again lost for words. { bidder: 'sovrn', params: { tagid: '446382' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, 'cap': true { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, expires: 365 { bidder: 'ix', params: { siteId: '195464', size: [300, 600] }}, So who makes those decisions the government, clients and insurers. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, ga('create', 'UA-31379-3',{cookieDomain:'dictionary.cambridge.org',siteSpeedSampleRate: 10}); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; An agreement to the contrary may be either expressed or implied. When you buy commercial insurance, you pay premiums to your insurance company. We're doing our best to make sure our content is useful, accurate and safe.If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly. var mapping_btmslot_a = googletag.sizeMapping().addSize([746, 0], [[300, 250], 'fluid']).addSize([0, 0], [[300, 250], [320, 50], [300, 50], 'fluid']).build(); iasLog("criterion : sfr = cdo_dict_english"); {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, { bidder: 'sovrn', params: { tagid: '387233' }}, Examples of what an insurable risk is as explained: params: { googletag.cmd.push(function() { { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, The characteristics of insurable risk are as follows: The consequences (loss) must be assessable, definite or can be measured in terms of time or money/financially … var pbMobileLrSlots = [ { bidder: 'ix', params: { siteId: '195467', size: [320, 50] }}, . { bidder: 'appnexus', params: { placementId: '11654149' }}, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, 2020 At this point, the threat is well-known, so not insurable. type: "html5", These include. var pbTabletSlots = [ storage: { var googletag = googletag || {}; 1. insurable - capable of being insured or eligible to be insured. {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, An example of the financial risk includes a loss to the goods in the warehouse of the company due to the fire. "authorizationFallbackResponse": { Insurable risk Definition. { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, means that the obligation on an uninsured basis has been determined to be not less than investment grade. window.ga=window.ga||function(){(ga.q=ga.q||[]).push(arguments)};ga.l=+new Date; In everyday usage, “risk” is often used synonymously with “probability” of a … Access Selected Content from Financial Times on Moneycontrol Pro googletag.pubads().setCategoryExclusion('mcp').setCategoryExclusion('resp').setCategoryExclusion('wprod'); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, In other words, the risk cannot be catastrophic, or so large that no insurer could hope to pay for the loss. 'increment': 0.5, storage: { Usage explanations of natural written and spoken English, 0 && stateHdr.searchDesk ? { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, The concept of insurable risk underlies nearly all insurance decisions.. For a risk to be insurable, several things need to be true: { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, }, Click on the arrows to change the translation direction. var mapping_rightslot = googletag.sizeMapping().addSize([746, 0], [[300, 250]]).addSize([0, 0], []).build(); },{ ga('set', 'dimension2', "entry"); if(refreshConfig.enabled == true) These risks are insurable and are generally the main subjects of the insurance. name: "identityLink", syncDelay: 3000 { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, Insurable definition: capable of being or proper to be insured , as against loss or harm | Meaning, pronunciation, translations and examples It denotes a potential negative impact on an asset or some characteristic of value that may arise from some present process or some future event. iasLog("criterion : cdo_tc = resp"); enableSendAllBids: false, { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, dfpSlots['btmslot_a'] = googletag.defineSlot('/2863368/btmslot', [[300, 250], 'fluid'], 'ad_btmslot_a').defineSizeMapping(mapping_btmslot_a).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').addService(googletag.pubads()); {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, 'min': 0, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; Get instant definitions for any word that hits you anywhere on the web! { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, Adj. Insurable risk is a risk that conforms to the insurance policy specifications in such a way that the criterion for insurance is fulfilled. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, { bidder: 'appnexus', params: { placementId: '11654149' }}, For a risk to be insurable, several things need to be true: The insurer must be able to charge a premium high enough to cover not only claims expenses, but also to cover the … { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, dfpSlots['houseslot_a'] = googletag.defineSlot('/2863368/houseslot', [300, 250], 'ad_houseslot_a').defineSizeMapping(mapping_houseslot_a).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').setCategoryExclusion('house').addService(googletag.pubads()); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, Definition of Insurable Risk Below is a list of common terms used to describe insurable risks and their definitions. Description: A person is expected to have reasonable interest in a longer life for himself, his family, business and hence is in need of acquiring insurance for these. Thanks for your vote! Uninsurable Risk A risk against which one cannot purchase insurance, either because it is very likely to occur or because it would be too expensive to cover if it did. { bidder: 'sovrn', params: { tagid: '346693' }}, The risks can be forecast and measured e.g. { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, This type of risk is the one in which the chance of occurrence can be deduced, from the available information on the frequency of similar past occurrence. dfpSlots['rightslot'] = googletag.defineSlot('/2863368/rightslot', [[300, 250]], 'ad_rightslot').defineSizeMapping(mapping_rightslot).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, Passing of risk involves both party to the contract. { bidder: 'appnexus', params: { placementId: '11654156' }}, Event specific to a particular business refers insurable risk definition the conditions that are vulnerable to danger loss. 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