What are three characteristics of ideally insurable risk

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Reference no: EM132306097

1. Define the principle of indemnity and how it's important to the success of insurance ?

2. Briefly discuss three ways indemnity may be enforced in insurance ?

3. provide an example of how risk is reduced through the insurance process. illustrate the mathematical reduction of risk and show your answers in a tabelt formate ?

4. what are the three characteristics of an ideally insurable risk ?

5. list two loss exposures that are not commerically insurable and explain why they are not insurable ?

Reference no: EM132306097

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