What Is Uncertainty In Insurance
Uncertainty Definition And Meaning
Uncertainty is at the very core of the concept of risk itself. It is uncertainty about the outcome in a given situation. Uncertainty does not exist in the natural order of things though there are a number of outcomes, which are uncertain.
For example: the weather for the test match; the possibility of being made redundant; the risk of having an accident. There is surely uncertainty surrounding all of these events.
Uncertainty Definition And Meaning
Uncertainty is at the very core of the concept of risk itself. It is uncertainty about the outcome in a given situation. Uncertainty does not exist in the natural order of things though there are a number of outcomes, which are uncertain.
[Post Image Courtesy of Stuart Miles at FreeDigitalPhotos.net]
For example: the weather for the test match; the possibility of being made redundant; the risk of having an accident. There is surely uncertainty surrounding all of these events.
Insurance Law And Practice - ICSI
What Is Uncertainty In Insurance
![What Is Uncertainty In Insurance]()
Reviewed by Blog Editor
on
Thursday, April 13, 2017
Rating:
Posts
No comments:
Do you have any reasonable comments for this post ? Please feel free to drop them below using the comment box. We will moderate and publish them as soon as possible. Cheers !