Insurers only insure pure risks, however not all pure risks are insurable. Discuss the ideal requirements of an insurable risk.

You are required to answer the following questions. 1. Insurers only insure pure risks, however not all pure risks are insurable. Discuss the ideal requirements of an insurable risk. 4 marks 2. The general insurance industry is characterized by cyclical market conditions, alternating between hard and soft market conditions. Explain what is meant by this? 4 marks 3. In respect […]