Difference between revisions of "Uninsurable risk"

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* Jaffee, D. M., & Russell, T. (1997). ''[https://www.jstor.org/stable/pdf/253729.pdf?casa_token=aJUVn3PuRNcAAAAA:2PG-a1hMzLSktoCzyIMKcd62hEm5xz3Jez2pYuNdiXIzXyI70-tygQcDM1h__SmyZGuAcfF9kdz767eDRIga2tRF1drpsvak5X-0ehGMrQxWtDazGA1V Catastrophe insurance, capital markets, and uninsurable risks]''. Journal of Risk and Insurance, 205-230.
 
* Jaffee, D. M., & Russell, T. (1997). ''[https://www.jstor.org/stable/pdf/253729.pdf?casa_token=aJUVn3PuRNcAAAAA:2PG-a1hMzLSktoCzyIMKcd62hEm5xz3Jez2pYuNdiXIzXyI70-tygQcDM1h__SmyZGuAcfF9kdz767eDRIga2tRF1drpsvak5X-0ehGMrQxWtDazGA1V Catastrophe insurance, capital markets, and uninsurable risks]''. Journal of Risk and Insurance, 205-230.
 
* Terry O’Callaghan (2007) [https://www.researchgate.net/profile/Terry_Ocallaghan/publication/233177707_Disciplining_Multinational_Enterprises_The_Regulatory_Power_of_Reputation_Risk/links/540821490cf23d9765ae4189/Disciplining-Multinational-Enterprises-The-Regulatory-Power-of-Reputation-Risk.pdf ''Disciplining Multinational Enterprises: The Regulatory Power of Reputation Risk''] Global Society, Vol. 21
 
* Terry O’Callaghan (2007) [https://www.researchgate.net/profile/Terry_Ocallaghan/publication/233177707_Disciplining_Multinational_Enterprises_The_Regulatory_Power_of_Reputation_Risk/links/540821490cf23d9765ae4189/Disciplining-Multinational-Enterprises-The-Regulatory-Power-of-Reputation-Risk.pdf ''Disciplining Multinational Enterprises: The Regulatory Power of Reputation Risk''] Global Society, Vol. 21
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* Erik R. Larsen,Derek W.Bunn (1999) [https://www.osti.gov/etdeweb/servlets/purl/357234 ''Deregulation in the Electricity  Sector: Understanding Strategic  and  Regulatory  Risk''] Journal of the [[Operational research|Operational Research]] Society
  
 
== Footnotes ==
 
== Footnotes ==

Revision as of 17:51, 28 November 2018

Uninsurable risk
Primary topic
Related topics
Methods and techniques

Uninsurable risk is a situation that is related to unknowable or unacceptable risk or is against the law. Such a risk can be very dangerous for insurance company, thus those companies try to avoid insuring uninsurable risk.

When uninsurable risk is related to an investment that is important for society or country, the government can give guarantees that are kind of insurance. That helps to make some large investments.

Law can forbid some types of insurance, e.g. for criminal penalties. Other uninsurable risks are:

  • risk to reputation
  • regulatory risk
  • trade secret risk
  • political risk
  • pandemic risk

Risk to reputation

Reputation risk is a threat to the organization. It can occur in everyday operations related to the project and difficulties in the company's development plans. Loss of reputation affects competitiveness, weakens the company's dynamism and reduces the value of developing investments.Reputational risk applies not only to individual organizations but it can affect the entire industry. Reputation risk is a threat to the good name or position of the company. Reputation risk may occur as a result of the actions of the company itself, employees or other entities related to the company. Companies need to be responsible and consciously managed to avoid or minimize the risk of losing reputation.[1]

Regulatory risk

Trade secret risk

Political risk

Pandemic risk

References

Footnotes

  1. Terry O’Callaghan (2007), 105-110

Author: Weronika Góra