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Nettet15. sep. 2024 · An insurance risk is a threat or peril that the insurance company has agreed to insure against in the policy wordings. These types of risks or perils have … NettetInsurance does not reduce the risk of loss or damage that a company may suffer. But it provides a protection against such loss that a company may suffer. So at least the organisation does not suffer financial losses that debilitate their daily functioning. 3] Pooling of Risk. In insurance, all the policyholders pool their risks together. allita mrap
Insurance: Definition, How It Works, and Main Types of Policies
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