Let us have a close look at Dynamic and Static risks:
Dynamic risks are caused by perils which have national consequence, like inflation, calamities, technology, political upheavals, etc. Static risks are caused by perils which have no consequence on the national economy, like a fire or theft or misappropriation. Dynamic risks are less likely to occur than static risks, but are also less predictable. Static risks are more suited to management throught insurance.
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Thursday, November 26, 2009
Dynamic and Static Risks
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Thursday, November 26, 2009 catastrophic risks, classification of risks, dynamic and static risks, general insurance, insurance, life insurance, perils, risks InsuranceMinds 11:30 PM
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