Health Insurance Coverage: Must-Have Benefits in Every Policy
Risk assessments are used in many different types of insurance, including auto, home, health, and life insurance. In each case, a comprehensive risk assessment is performed to ensure that the right level of coverage is offered at the right price. These assessments include identifying and assessing risks, setting criteria, estimating event likelihood influenced by biases, emotions, past experiences, data, and context, and evaluating the severity of risk to guide mitigation.