The cause of a loss

The probability of a loss occurring

A moral hazard

A condition that increases the probability of loss

Insurance for bodily injury

Unemployment insurance

Social security

Natural damage insurance subsidized by the state

The destruction of a company's factory by an earthquake

The theft of a person's jewelry

The additional expenses incurred by a person to rent a car when their own car has been damaged in a collision

Damage to a person's car as a result of vandalism

Physical hazard

Fundamental risk

Speculative risk

Pure risk

Moral hazard

Speculative risk

Peril

Physical hazard

Morale hazard

Moral hazard

Physical hazard

Objective probability

They are almost always insurable by private insurers.

They are easier to predict than pure risks.

Their realization can benefit the person exposed to this risk.

They only include the possibility of loss.

Morale hazard

Physical hazard

Objective probability

(A) and (B)

(B) only

(A) only

Neither (A), nor (B)

Objective risk

Physical hazard

Moral hazard

Peril