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Insurance

Pure risk

In the world of finance, we often come across the term 'uncertainty' which refers to the unknown possibility of experiencing a loss. This concept can be quite complex to understand, but it is an essential aspect of risk management. It is the state of being unsure about the outcome of a particular event, which can have a significant impact on financial decisions. This uncertainty is a crucial factor that needs to be considered when analyzing and managing risks in the world of finance.
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