IIQE Paper 6 Key Study Notes English

What are the potential losses of risk? Financial: measurable in monetary termsPhysical: death or personal injuryEmotional: feelings of grief and sorrow What are the classifications of risks on the basis of financial results? Pure Risks- It offers the potential of loss only without any gain or change. Examples include fire, accident and other undesirable happenings.Speculative Risks- …

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