Meaning of “insurance risk” in the English Dictionary

"insurance risk" in Business English

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insurance risknoun [ C ]

uk us

INSURANCE the possibility of loss, damage, injury, etc. against which insurance is provided:

We will cover you against flooding and all other insurance risks.

a person or business when they are considered in relation to the amount of risk that is involved for an insurance company when it provides insurance for them:

Newly qualified young male drivers are a particularly poor insurance risk.

(Definition of “insurance risk” from the Cambridge Business English Dictionary © Cambridge University Press)