Why we do not transfer all risks by using insurance?

1.	Why we do not transfer all risks by using insurance?
Answer» Risk transfer is a risk management and control strategy that involves the contractual shifting of a PURE risk from one party to ANOTHER. One example is the purchase of an insurance policy, by which a specified risk of loss is passed from the policyholder to the insurer. Many PEOPLE buy insurance in order to gain security and peace of mind. COMPREHENSIVE insurance policies can protect our assets, our HEALTH, and our loved ones. Insurance contracts function by shifting the risks you face every day to your insurance company $\\$

Answer»

Risk transfer is a risk management and control strategy that involves the contractual shifting of a PURE risk from one party to ANOTHER. One example is the purchase of an insurance policy, by which a specified risk of loss is passed from the policyholder to the insurer.

Many PEOPLE buy insurance in order to gain security and peace of mind. COMPREHENSIVE insurance policies can protect our assets, our HEALTH, and our loved ones. Insurance contracts function by shifting the risks you face every day to your insurance company

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