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Objective risk

What is meant by the term objective risk and why is it so important to insurers?

© BrainMass Inc. brainmass.com June 19, 2018, 2:13 pm ad1c9bdddf

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Objective risk is deviation of actual from expected. Expected losses are a ...

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This posting explains the term objective risk and explains its importance for insurers in a short (3 line) answer.

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