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In insurance what is speculative risks , are they insurable and why

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Question added by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company
Date Posted: 2015/03/08
Mamoun elbaghir abdalla mhamad Eltayeb
by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

Describe a situation where there is a possibility of loss or gain.

The activities generating such risk are usually undertaken in the hope of gain for this reason and unlike the pure risk the speculative risks are not insurable risks.

Regards, and Happy New Year.

 

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