Insurance risk definition

Insurance risk means probability of the insured event caused by an insured peril.
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Insurance risk means an uncertainty regarding the ultimate amount of
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Insurance risk means the level of probability of the occurrence of an insured event caused by insured peril.
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Examples of Insurance risk in a sentence

  • Insurance risk arises from this risk transfer due to inherent uncertainties about the occurrence, amount and timing of insurance liabilities.

  • Insurance risk is defined as the risk of fluctuations in the timing, frequency and severity of insured events and claims settlements, relative to expectations.

  • Insurance risk is significant if, and only if, an insured event could cause an insurer to pay significant additional benefits in any scenario, excluding scenarios that lack commercial substance.

  • At moderate spatial scale (k=12800) the differences in individual income between the poorest and richest area is 14 percentiles, which is the differences between an individual from an area with a poverty rate of 3% and an individual from an area with a poverty rate of 33%.

  • Insurance risk The syndicate’s insurance business assumes the risk of loss from persons or organisations that are directly exposed to an underlying loss.


More Definitions of Insurance risk

Insurance risk has the meaning assigned in Section 6.1.
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Insurance risk means the objective likelihood of proprietary and non- proprietary losses occurring in uncertain circumstances that are unknown to, and independent from, the will of the insured person;
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Insurance risk means an uncertainty regarding the ultimate amount of any claim payment (underwriting risk) or an uncertainty regarding the timing of the payments (timing risk), or both.
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Insurance risk shall also include, except as otherwise expressly provided for herein, all regulatory, tax and actuarial issues relating to the design, cash values and benefits contents of the Policies.
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Insurance risk means the mortality or morbidity risk for any Policy of UFL or, after Closing, UFL or PNL.
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Insurance risk has the definition provided in Section 4.01.
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Insurance risk means a possible danger threatening the in- surance object.
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