Noninsurance Risk

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 ?
Special focus will also be given to noninsurance risk management, learning a structured approach to risk, integrating projects with business objectives and project contingency.
Commodity, interest rate and foreign exchange rate risks are examples of noninsurance risk that may be included by making traditional techniques adjustable--a retention triggered, for example, by a change in the price of key commodities.