Risk Mitigation And Wealth Creation Through Insurance THE TECHNIQUES AND PRODUCTS - PowerPoint PPT Presentation


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Understanding Risk. Risk isAn unfavorable event happening A favorable event not happeningRisk taking abilityAbility to pass on risk to a pool (insurance)Ability to absorb risk (wealth creation). Risk In Your Life. As a social animal you face the following risks:Risk of an early death (life insurance)Risk of out-living ones income (pension plan)Risk of illness and health problems to oneself

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