Types of Risk

Types of Risk Can be classified into 5 categories.

1.  Pure risk -  Speculative risk 

Pure risk means the risk that a loss alone, the risk does not want that to happen. There is no intent to cause the event to bring damage such as sickness, storms, floods, fires, car crashes, and so on.

Speculative risk means risks that are intended to risk. The risk has not happened before but the risk is their own creation, hope to benefit or profit and loss may be or break such as the shares and so on.

2.  Fundamental risk - Particular risk

Fundamental risk means risks that affect the economy as a whole. Causing damage to a lot of people who can not control it such as the occurrence of earthquakes, floods, war, inflation, deflation, unemployment and so on.

Particular risk means risks that affect and cause damage to any person. One particular individual or group such as car accident, fire house, stealing cars, robbing banks and so on.

robbing banks

3. Dynamic risk -  Static risk

Dynamic risk means risks arising from changes in the economy. And causing financial loss to the property owner such as changes in consumer flavor, technology changes, etc.

technology changes

Static risk means risks arising from other causes, and does not depend on the state of the economy such as risks posed by natural disasters which man must risk all the time, no matter the situation will change, dishonesty of employees, etc.

4. Financial risk - Non-financial risk

Financial risk such as a house fire or a car crash, etc.

Non-financial risk such as  a mind matter, a death , etc.


5. Insurable Risk - Uninsurable Risk

5.1 Insurable Risk that is description of Pure Risk and Particular Risk, have the following characteristics:

• A number of risks and similar conditions and enough amount. 
• The damage was done to find the cause and damage assessment is money.
• Damage to occur, it must be an accident.
• A chance of damage could be predicted or calculated.
• Damage that is not occurs the disaster. Damage occurred Insured must stakeholders
• Risks should be a real risk and the specific risks

5.2 Uninsurable Risk has the following characteristics:

Lack of statistical figures

• Threat to the public, or contrary to the public interest, such as driving against the traffic rules.
• The risk that too much risk

tag
Types of Risk, Types of Risk, risk, risk, Types of Risk, Types of Risk, risk, risk,  insurance, thailand insurance, types of insurance, insurance details, how to claim insurance in Thailand, insurance, thailand insurance,  history of insurance in Thailand, types of insurance, insurance details, how to claim insurance in Thailand