Three Types of Risk in Insurance

It is required to know the complex classification and sub-classification of risk and also an insight on risks which can be insured and which cannot be.

classification of pure risk

3 Types of Pure Risks

Pure risks are those risks where the outcome shall result into loss only or at best a break-even situation.

War Risk Insurance

What is War Risk Insurance

The study under the property insurance shall not be complete until discussion is made with regard to war risk insurance, since war is a peril, which substantially causes damages to properties of various descriptions.