There's the fact that if he gets it wrong he's lost more money and therefore his, you might say insurable risk is a higher one.

Or we can treat them as victims of an insurable risk.

"Long-term health care for the aged is an insurable risk," the 60-year-old Senator said.

The concept of insurable risk underlies nearly all insurance decisions.

In order to be an insurable risk, the risk insured against must meet certain characteristics.

But as was later made explicit, married women were considered too great an insurable risk if they were not themselves employed.

An insurable risk is a risk that meets the ideal criteria for efficient insurance.

Insurance is not effective for risks that are not insurable risks.

This is referred to as insurable risk.

An insurer can either increase a premium or apply an exclusion or limitation if an applicant presents a higher insurable risk.

Widowhood was thus duly recognised as an insurable risk - like unemployment or sickness - and widows' benefit was introduced.

The main insurable risk from climate change is from extreme weather events such as flooding, stormy weather and excessive temperatures.

Self-insurance is possible for any insurable risk, meaning a risk that is predictable and measurable enough in the aggregate to be able to estimate the amount that needs to be set aside to pay for future uncertain losses.

The authors of the study, led by Alice M. Rivlin, a former director of the Congressional Budget Office, conclude that "long-term care is a normal, insurable risk for the elderly, which should be covered under a general social insurance program," not through a welfare program.

Many other bodies run courses focussed on individual areas of risk (e.g. insurable risk, risk in banks, health and safety, project risk, disaster recovery etc.) and in some cases there is the option to take an additional ERM paper but only IRM offers dedicated ERM qualifications.