Risk factors refer to factors that can produce or increase the frequency and amplitude of losses. It is the potential cause of risk accidents and the internal or indirect cause of losses. Such as the driver's age, health status, driving experience, etc. Risk factors are generally divided into three types, namely, substantial risk factors, moral risk factors and psychological risk factors.
As an important concept of risk management and insurance management, risk loss refers to the unintentional, unplanned and unexpected reduction of economic value, which is usually measured in money. To grasp the definition, we should pay attention to two meanings: first, the unpredictability of losses; Second, the reduction of economic value is indispensable in both aspects, otherwise it is not a loss. For example, the loss of machinery is a regular decrease in economic value, and it is not defined as loss.
Risk factors, risk accidents and losses are the constituent elements of risk, forming a risk unity, and there is a causal relationship between them. Risk factors lead to risk accidents, which lead to losses. If we relate this relationship, we can get an intuitive explanation of the risk.
Generally speaking, the more risk factors, the greater the possibility of disasters and accidents, which will lead to greater opportunities and losses, which is called big risks. For example, the probability of loss caused by car collision in winter will be higher than that in other seasons of the year. (Photo/Text/Photo: Chen Miaoling) @20 19