GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
If you have a comment, suggestion or question please contact us at glossary@scic.com

Risk

The chance of loss; the uncertainty of loss; the variation from the expected outcome over time; the difference between expected losses and actual losses.

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Welcome To The Alliance!

The National Alliance for Insurance Education & Research is now the Risk & Insurance Education Alliance, or simply “The Alliance”.  For more details, please see our Press Release: riskeducation.org