Noninsurance Risk

(redirected from Non-Insurance Risks)

Noninsurance Risk

The risk of loss from not having an insurance policy. For example, if one does not purchase health insurance, one carries the noninsurance risk that an injury will leave one unable to pay one's medical bills.
References in periodicals archive ?
Instead, they want to highlight the dynamic role actuaries play in modeling insurance and non-insurance risks and the mathematical precision and discipline they bring to anticipating and managing future risks.
By incorporating VaR concepts, Best's ERM captures and considers standard risks associated with the financial services community at large, including both insurance and non-insurance risks.
Full browser ?