Noninsurance Risk

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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 ?
These exposures, as well as the property, liability, and auto exposures, can be covered to a degree by the domestic policies, but a close review of the insured's operations and its off-premises exposures will no doubt identify areas that require attention and further protection, whether through insurance or some non-insurance risk management technique.
In an effort to lower non-insurance risk, the company has reduced its strategic allocation to equities.
risk financing and retention, non-insurance risk transfer, catastrophe derivatives).
In recent years, Trustmark has made a conscious effort to grow its non-insurance risk segments, such as third party administrative services through its CoreSource division.
This would sharpen the dividing line between captive insurance, which is often incongruously described as a form of self insurance, and non-insurance risk financing options.
Best notes the high level of intangible assets at CMS, sizeable amount of debt within the organization and continued operating losses at non-insurance risk affiliates.
I believe that Santa Maria's value proposition of blending insurance and non-insurance risk management solutions will get a very warm reception here in southern California," Robinson said.
Masters' panel will assess the current insurance market and present an advanced guide to alternative insurance and warranty products and non-insurance risk management strategies, including tactics for builders to become more attractive to insurers.
Principle 4 underlying the ICS refers to "all material risks of IAIGs' portfolios of activities taking into account assets, liabilities, non-insurance risks and off-balance sheet activities.
However, in exchange, investors generally require the sponsor to maintain the risk of ongoing administration, certain other non-insurance risks such as lawsuits targeting inappropriate sales, large policies and asset-management responsibilities.
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.
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