Concept:Risks that can be forecast and measured are known as insurable risks because their likelihood and possible losses can be estimated.
Explanation:Insurable risks are those whose probability of occurrence can be calculated using past records and statistical data.
Insurance companies accept such risks because they can predict how often the event will happen and how much compensation it may require.
Examples include fire, accident, and theft, where the chance of loss can be reasonably estimated.
Non-insurable risks, however, cannot be accurately forecast or measured.
Gambling involves creating a risk deliberately, not measuring an existing one.
Indemnity insurance is a type of insurance contract, not a category of risk measurement.
Therefore, the correct term for risks that can be forecast and measured is insurable risks.
Answer:B. Insurable risks