Your question is Explain Insurance Risk Simply. Take a moment with it on the right.
Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).
You're speaking with someone outside the industry who wants to understand how insurers and brokers think about financial risk. You need to make a technical concept clear without relying on jargon.
Explain a complex financial or risk concept to me as if I have no background in the industry.