How cost of risk to the country be computed

Question

What is the procedure that the cost of risk to the country be computed or measured?

Answer 1

The examination of insurance claims can aid is finding out the cost of risk to the country. At the same time as for claims there will be an instant cost to the insurer that there will as well be an impact on the economy in terms of production losses (that is, lost time, retraining and so on).