Insured Event
From Open Risk Manual
Revision as of 15:54, 21 January 2020 by Wiki admin (talk | contribs) (Created page with "== Definition == '''Insured Event''' is any Risk Event that would cause an Insurer to pay a claim under an Insurance Policy == Examples == In Motor Insurance,...")
Definition
Insured Event is any Risk Event that would cause an Insurer to pay a claim under an Insurance Policy
Examples
In Motor Insurance, an insured event may be an accident causing the insurance company to compensate the Policyholder for any damage.
