MLchartDataset catalogue

Pure risk

Term · Insurance and risk management · MLC-T-INS-002769

A type of risk that presents only the possibility of loss or no loss, with no potential for gain. It is insurable because the outcome is either negative or neutral, allowing for actuarial prediction of losses. Examples include property damage from fire or natural disaster, and personal injury liability.

Table 1. Record
IdentifierMLC-T-INS-002769
FieldInsurance and risk management
Record as JSON
{
  "id": "MLC-T-INS-002769",
  "term": "Pure risk",
  "field": "Insurance and risk management",
  "definition": "A type of risk that presents only the possibility of loss or no loss, with no potential for gain. It is insurable because the outcome is either negative or neutral, allowing for actuarial prediction of losses. Examples include property damage from fire or natural disaster, and personal injury liability.",
  "url": "https://mlchart.com/terminology/insurance/pure-risk/"
}

Record 2,778 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.