indian insurance

12. A third classification is between dynamic and static risks. Dynamic risks are caused by perils whick have national consequence, like inflation calamities technology, political upheavals, etc. Static risks are caused by perils which have no consequence on the national exonomy like a fire or theft or misappropriation.
13. Fundamental risks are those that affect large populatins while particular risks affect only specific persons. A train crash is a fundamental risk while a gheft is a particular risk. Life Insurance business deals with particular rish but fundamental risks aggect the life insurance company’s expericenc. As many persons will be aggected at the same time, when there is an. Earthquake, flood or riot.

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