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__________ is also termed as group risk.

  • "Group risk" is a term used in insurance to refer to risks that affect a group of people or businesses.
  • Group risk can arise in a variety of contexts, such as group life insurance, where a group of individuals is covered under a single policy, or in group health insurance, where a group of employees of a company is covered under a group health insurance policy.
  • The concept of group risk is also relevant in other areas of insurance, such as group travel insurance, group accident insurance, and group disability insurance.
  • The idea behind group insurance is to spread the risk across a larger number of people, which can help to lower the cost of insurance for each individual member of the group.
  • "Fundamental risk" refers to risks that affect a large number of people or businesses within a given area or industry.
  • "Static risk" refers to risks that are unchanging or permanent in nature.
  • "Property risk" refers to the risk of loss or damage to property, such as buildings, vehicles, and other assets.