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NATURE OF RISK (BASIC CATEGORIES OF RISK (ENTERPRISE RISK (Major risk…

- - - - Rise to financial& economic insecurity due to loss of human value
      - Additional expenses due to death
    - - Result to insufficient income&inflation
    - - Medical,future bill
    - - Loss of earned income
  - - - Result directly from insured peril
    - - Consequences of some other loss
    - - Incurred as a result of loss
- - - - Cost that arises from the losses that actually happen
      - Cost that arises from losses that might not happen