What is fundamental risk and example?
Fundamental risk is risk that affects entire societies or a large population within a society. Natural disasters, such as earthquakes and hurricanes, fall into the category of fundamental risk, as do phenomena such as inflation and war, which typically affect large numbers of people.
What are the 3 types of risk in insurance?
Risk Types — a number of different ways in which risks are categorized. A few categories that are commonly used are market risk, credit risk, operational risk, strategic risk, liquidity risk, and event risk.
What are the 4 types of risk in insurance?
Fundamental risk affects a large number of people or even all of the population. Particular risk involves losses that are personal in origin and effect. It affects an individual or a small number of people.
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- what is fundamental risk in insurance
- what is risk and insurance
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