"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.