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Concept information

Preferred term

insurance and risk  

Definition

  • People think of risk as uncertainty about outcomes. Insurance mainly focuses on negative outcomes, that is, the possibility of suffering a loss (as opposed to the chance of making a gain). [Source: Encyclopedia of Law & Society: American and Global Perspectives; Insurance and Risk]

Broader concept

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-DP3FKWT8-1

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