Uninsurable Risk

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Uninsurable Risk

A risk against which one cannot purchase insurance, either because it is very likely to occur or because it would be too expensive to cover if it did. For example, a 118-year-old person may be an uninsurable risk for life insurance because the person is very likely to die before the insurer collects a sufficient amount in premiums. Likewise, one generally cannot insure against nuclear war because, even though nuclear war is unlikely, repairs and medical bills would be prohibitively expensive.
References in periodicals archive ?
The division helps businesses transfer traditionally uninsurable risks to a third-party balance sheet.
Around the industry: March 26, 2015
Respondents also said that policy conditions that include excessive exclusions, restrictions and uninsurable risks inhibit their organization from purchasing a policy.
Despite praising benefits of data breach cyber insurance, most companies remain uninsured
Such factors include, among others, known and unknown uncertainties and risks relating to additional funding requirements, reserve and resource estimates, commodity prices, hedging activities, exploration, development and operating risks, illegal miners, political and foreign risk, uninsurable risks, competition, limited mining operations, production risks, environmental regulation and liability, government regulation, currency fluctuations, recent losses and write-downs, restrictions in the Company's loan facility, dependence on key employees, possible variations of ore grade or recovery rates, failure of plant, equipment or process to operate as anticipated, accidents and labour disputes.
Power Restored at the Young-Davidson Mine
Nuclear power is a case in point having a raft of hidden subsidies, one of them being its uninsurable risks.
Stop treating the earth like cesspit; Views of the North
Senior management must consider a more comprehensive risk management program to address a wide variety of insurable and uninsurable risks.
Embed your risk management: risk mitigation assessment can be essential at all levels in the supply chain
More than two-thirds of risk managers surveyed say their companies now expect them to assist not only with insurable risks in the supply chain but also with assessing and addressing uninsurable risks.
Breached: outsourcing and global sourcing has meant greater corporate exposure to breaches in the supply chain, but leading risk managers are stepping up to the challenge
development and operating risks, uninsurable risks, ore reserve and resource
LIONORE MINING INTERNATIONAL LTD - Further re offers by Xstrata & Norilsk
Under their simple model, they show that traditional theory holds only when the insurable and uninsurable risks are statistically independent.
A note on insurance coverage in incomplete markets
With the apparent gradual and selective convergence taking place between the capital and insurance markets, previously uninsurable risks may now be funded.
How to manage career risk
Inform the bank's board of directors of all uninsured or uninsurable risks and the ways in which the risks exceed current company coverage.
LAN and E-mail exposure: the bottom line
The topics covered are (1) insurance and economics, (2) insurance and utility theory, (3) insurance and competitive equilibrum, (4) life insurance, (5) business insurance, (6) household insurance, (7) uninsurable risks, and (8) risk theory and government supervision.
Economics of Insurance
The change is being fought by both the National Association of Mutual Insurance Companies and the Property Casualty Insurers Association of America, whose members protest that it would amount to requiring insurance of uninsurable risks.
BestWeek: Terrorism Backstop Bill Leaves Lingering Questions
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