How many types of risk are there on the basis of Insurance business? – InterviewSolution

1.

How many types of risk are there on the basis of Insurance business?

Answer»

According to the Insurance business, there are two types of risk.

1. Net Risk – The type of risk where business suffers loss only.

2. Speculative Risk – The type of risk in which there is the possibility of incurring both gain and loss.

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