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insurance risk UK US noun [C]
► INSURANCE the possibility of loss, damage, injury, etc. against which insurance is provided: »
We will cover you against flooding and all other insurance risks.
► a person or business when they are considered in relation to the amount of risk that is involved for an insurance company when it provides insurance for them: »
Newly qualified young male drivers are a particularly poor insurance risk.
Financial and business terms. 2012.