1. 

   nluashok Member

   Hi,
   
   As per chapter 2, page 2:
   "Ideally risk events also need to meet the following criteria if they are to be
   insurable:
   ● Individual risk events should be independent of each other."
   
   I have a doubt. Is risk events here mean different perils or different insured property?
   
   Please guide.
   
   Regards,
   Ashok

    

   nluashok, May 23, 2015

   #1
2. 

   Darren Michaels ActEd Tutor Staff Member

   Hi Ashok
   
   By risk events here we mean different insured risks, so for property insurance this would mean different properties. This isn't of course always possible (eg adjacent properties would have a similar exposure to earthquakes).

    

   Darren Michaels, Jun 5, 2015

   #2
3. 

   nluashok Member

   Many Thanks

    

   nluashok, Jun 8, 2015

   #3

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