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If you had selected a career to run your own insurance agency, which kinds of risks...

If you had selected a career to run your own insurance agency, which kinds of risks would you deem best address the requirements needed to be insurable by a private insurance firm?

1.

most market risks
2.

property risks
3.

financial risks
4.

political risks
business   economics   
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Answer #1

There are generally two types of risks that are systematic risk and unsystematic risk

systematic risk are those risk which cannot be controlled by internal factors

Examples are like to market risk, politial risks etc.

Unsystematic risk are thoset of risk which mainly caused by the internal factors and can be controlled

the example can be credit risk interest rate risk, financial risks etci.

In the given question, since a person has decided to start its own insurance agency then he will be mostly face by unsystematic risk

Here market risk and political risk are systematic risk so they will be neglected

Insurance firm will mainly face the financial risk due to the money it has taken from the different people and how he will invest the money and get return back to the customers in a profitable way

Hence the answer is option 3

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