Miranjit Mukherjee - Actuarial Society of India
Miranjit Mukherjee - Actuarial Society of India
Miranjit Mukherjee - Actuarial Society of India
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SIGNIFICANT INSURANCE RISKS<br />
INSURANCE RISK<br />
The underlying tenet behind insurance transactions.<br />
The purpose <strong>of</strong> this action is to take a specific risk, which is detailed in the insurance<br />
contract, and pass it from one party who does not wish to have this risk (the insured) to a party<br />
who is willing to take on the risk for a premium (the insurer).<br />
RISK TRANSFER<br />
Underwriting risk<br />
Risk transfer<br />
Conditions<br />
Timing Risk<br />
Amount Risk<br />
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