Tag Archives: Types of risks in insurance

What is the risk in insurance law?

What is the risk in insurance law? In the context of insurance law in South Africa, risk refers to the likelihood of a certain occurrence or scenario occurring, which may result in a financial loss or responsibility. Insurers analyze and manage risk to predict the possibility and possible effect of such events, and to offer… Read More »

What is risk in insurance?

What is risk in insurance? Risk in the context of insurance in South Africa is the potential for a certain occurrence or situation to occur that might cause monetary loss or harm to an individual, company, or asset. To ascertain the probability and possible consequences of such occurrences, as well as to offer policyholders financial… Read More »