Pure Risk vs Speculative Risk

19.11.2018
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Risk is the uncertainty that a loss may occur. Pure Risk mean it is certain that gain cannot be made out of the situation – only loss or no loss will occur. Like death in accident is a pure risk. Speculative risk is that a loss, no loss or gain – all 3 are possible. Like in gambling or stock market investments all 3 are possible so risk in these is an example of speculative risk. Pure risk can be insured by speculative risk cannot be insured.

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