保险英语专业词汇（1）
——Risk and uncertainty

1. Risk

Two generally accepted elements of risk are the following:1) An uncertain outcome and 2) possibility of loss.

2. Uncertainty

“Uncertainty” appears to be the same as “indeterminate outcome”. To some degree, uncertainty—not being certain—represents a state of mind, based on opinion or emotion, rather than objective risk.

3. Possibility

Possibility means something could happen. A possibility either exists or does not exist, just as a light switch is either on or off.

4. probability

Probability is the proportion of time that events will occur in the long run. Unlike possibility, probability is measurable. It can be expressed numerically, as a number between zero and one.