Non-security risk and non-insurance risk
When speaking about insurance, we are referring to all forms of risk. Conclusion of insurance contracts is therefore only a way to share our risks with other people with similar risks.
Insurable Risk is the type of risk. (19659002)
Insurable Risk depends on the type of risk. Since it is possible to collect, calculate and estimate potential future losses, the insurance company either records a provision or pays insurance money. Previous statistics used as the basis for estimating insurance premiums are included in the insurance default risk. It has the prospect of loss, but it is not profit. Risk is predicted and measured. Automobile insurance, maritime insurance, life insurance etc.
This type of risk is the risk that the possibility of occurrence can be inferred from available information on similar occurrence frequency in the past.
Example 1: Probability (or opportunity) of a specific vehicle to be involved in an accident in 2011 (out of vehicles covered by insurance in 2011)
Example 2 : (19659008) Probability (or opportunity) can be determined from the number of vehicles involved in each accident in some of the years prior to that year. Men (or women) of a certain age will die within a certain year.
Non-insurance risk  Non-insurance risk is a type of risk that insurers can not prepare for insurance because they can not estimate or calculate future losses. We retain not only profit but also loss prospects.
Example 1: The likelihood that demand for goods will fall next year due to changes in consumer preference is that statistical information that was previously required
Example 2: 19659009] As a result of technological progress, current production technology may become obsolete by next year
– without risks:
1. God's deed: All risks, including natural disasters, are called God's acts like
Insurance can not be compensated by the insurer, but the buildings, property and life lost when God's acts occurred can not be compensated. Also, this non-durability has been expanded to those related to radioactive contamination
. Gamble: There is no chance of losing a gamble game.
3. Loss of profit from competition: Can not guarantee winning or losing in the competition.
4. New product launch: Manufacturers launching new products are not tested in the market, so we can not guarantee acceptability of new products.
5. Losses arising as a result of bad / inefficient management: The ability to successfully manage an organization depends on many factors and profit / loss depends on the wise use of these factors , One of which is efficient management ability. The organization's expected loss as a result of inefficiency can not be guaranteed.
6. The location of business is inadequate. People who have poor business need to know that the probability of success is low. Guaranteeing such a business is a sure way to deceive insurance companies.
7. Loss of profits due to reduced demand: Demand for products varies with time and other factors. Insurance companies never insure based on expected losses due to reduced demand.
8. Inference: This is the involvement of venture companies that provide the possibility of losing the possibility of considerable profit. A typical example is an act or practice of investing in stocks, real estate, etc. with the possibility of losing profits from rising or falling market value. This is considered a risk other than the insured, so you can not become an insured person.
9. Opening a new store / business office: Opening a new store is considered a risk not covered by insurance. You do not know what to expect from the operation of the new shop. It is illogical that an insurance company will tolerate securing a new store for you.
10. Change in fashion: Fashion is an unpredictable trend. Expected changes in fashion can not be guaranteed. Fashion house can not afford insurance because the components of the fashion house may be out of date forever.
11. Automobile Crime: You can not pay insurance against the anticipated penalty for the crime committed on the wheel.
However, the risks between insured and non insured are not clearly distinguished. In theory, insurers should be ready to insure something if sufficiently high premiums are paid. Nevertheless, this distinction is useful for practical purposes.