insurable risk
quantifiable risk a risk that can be accurately assessed on the basis of past experience and for which insurance policy may be acquired.
Related definitions of "insurable risk"
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quantifiable risk a risk that can be accurately assessed on the basis of past experience and for which insurance policy may be acquired.
significant risk. Much of that risk can be described as political, and many of these political risks can be mitigated through insurance products, known generically as PRI (political risk insurance). Assessing these risks may require some outside assistance, and there are a number of organizations that can help
By Rod Morris
statistics, econometrics, finance, and insurance mathematics journals and is a regular speaker at international risk management conferences. He is joint author of the book Quantitative Risk Management: Concepts, Techniques and Tools (2005). Professor McNeil is the director of the Scottish Financial Risk
By Alex McNeil
Accountants PricewaterhouseCoopers (PwC) and the Centre for the Study of Financial Innovation produced a study in 2011 analyzing the risks run by the insurance sector across the life, non-life reinsurance, and London market sectors. Interestingly, in a year of major catastrophes, the risk that insurers themselves most prioritize is the risk posed to their business models by regulatory changes
Longevity insurance is designed to protect pension funds against the costs of its pensioners living longer than expected. In 2006, there were reports that the global market in trading the “longevity risk” faced by pension funds could eventually outstrip the huge credit derivatives market. However
Definitions of ’insurable risk’ and meaning of ’insurable risk’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’insurable risk’ and other financial terms with our online QFINANCE Financial Dictionary.