Word forms: (regular plural) biometric risks
( Insurance : Underwriting )
If the institution offering the pension scheme underwrites the liability to cover
against biometric risk, they must hold on a permanent basis additional assets above the technical provisions
to serve as a buffer.
More usually, insurance is sought in the face of adverse outcomes such as bad health
or loss due to theft or damage, whereas biometric risk involves the risk that the individual lives to or beyond a certain age.
Biometric risk covers all risks related to human life conditions, such as death, birth, disability,
age, and number of children.
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