in Finance by (257k points)

Question: Insurance authors have traditionally defined risk as

Options:

  1.  Any situation in which the probability of loss is one
  2.  Any situation in which the probability of loss is zero
  3.  Uncertainty concerning the occurrence of loss
  4.  The probability of a loss is occurring

Please log in or register to answer this question.

1 Answer

0 votes
by (735k points)
selected by
 
Best answer

3. Uncertainty concerning the occurrence of loss

Insurance authors have traditionally defined risk as uncertainty concerning the occurrence of loss.

Related questions

...