(health insurance) A process that attempts to overcome differences in insurers’ costs due to differing levels of health among members of competing insurance companies.

(insurance) Risks that are produced by a non-human source and are beyond human control. They are unexpected but happen regularly enough in a general population to be broadly predictable. Good examples of external risks are natural disasters such as earthquakes and volcanoes.

Having a great risk.

(finance) Risk peculiar to an asset, which can be eliminated through diversification.

(business) All the risks that could affect an entity.

(finance) Any financial or other risk that stems from the possibility of a nation changing its policies.

The process of determining the maximum acceptable level of overall risk to and from a proposed activity, then using risk assessment techniques to determine the initial level of risk and, if this is excessive, developing a strategy to ameliorate appropriate individual risks until the overall level of risk is reduced to an acceptable level.

The overall process of identifying all the risks to and from an activity and assessing the potential impact of each risk.

An assessment of the probability that the social or economic consequences of an earthquake would exceed a specific value at a specific place and time; used in the planning of buildings etc.

Alternative form of non-diversifiable risk