I think its classified as either pure risk or speculative risk
In school some common risk exposures include:contagious illnesseschemical exposureaccidents in science experimentsunsafe building
Loss exposures refer to the potential for financial loss that an individual or organization may face due to various risks. These exposures can arise from a variety of sources, including property damage, liability claims, or business interruptions. Identifying and assessing loss exposures is crucial for effective risk management, allowing entities to develop strategies to mitigate potential losses. By understanding their loss exposures, organizations can implement appropriate insurance coverage and risk control measures.
measurement of the different types of risk,and how they are classified
The risk of lung cancer due to asbestos exposure is increased by the synergistic effect of smoking. That is, the risk of cancer does not ADD to the risk of smoking, it MULTIPLIES.
Credit concentration risk is a result of loan portfolio insufficient granularity (large single name exposures) or insufficient sectoral or regional diversification.
Your net worth, Potential exposures and the cost effectiveness of transferring the risk to an insurer.
Homogeneous exposures refer to a group of risks or assets that share similar characteristics or attributes, making them subject to the same types of hazards or performance factors. In the context of insurance, it typically involves policies or claims that arise from similar circumstances, allowing for more accurate risk assessment and pricing. By grouping homogeneous exposures, insurers can better predict potential losses and manage their portfolios effectively. This concept is crucial for underwriting and risk management processes.
debt exposures
mental ability
illegal exposures
yes
On Niepce's asphaltum plates, exposures were about eight hours long.