What is a risk assesment for?

Question

i know what it is but i want to know what its for

Answer 1

Insurance companies conduct a risk assessment on their client/whatever is being insured so that know how to price their products, that is how much to charge you.  They will give you a better price if you are a less risky person (for example, healthier) than if you are more risky (for excample it you love to bungy jump or have some disease).  Same thing is true for when you get a loan, for example.  They asess you and you'll pay higher interest rates if they think you are less likely to pay back your loans.

So in general, risk assessment is used by companies for pricing and self protection.

Answer 2

it's when take risk that you will dead today

Answer 3

its used to suggest better options to insurance companies

Answer 4

To sell you more of what you need less.