Probability of an insured event
The probability - the level of possibility of something happening or being true: What is the probability of winning. The probability of getting all the answers correct is about one in ten. There's a high strong probability (that) (is very likely that) she'll be here. Until yesterday, the project was just a possibility, but now it has become an actual probability it is likely to happen[Cambridge Dictionary]. The insured is the person, group of people or organization insured in a particular agreement[Cambridge Dictionary]. A natural person whose life, health, and working capacity are the object of insurance protection. An insured is a natural person in whose favor the insurance contract is concluded. In practice, the insured can be insured simultaneously if he pays monetary (insurance) premiums on his own[Insured]. An accounting event is a transaction recognized in an accounting entity's financial statements. A company must record in its accounting records any economic event that impacts its finances. Examples of accounting events include recording an asset's depreciation, paying dividends to investors, purchasing materials from a supplier, and selling goods to a customer[Firms: Definition in Business, How They Work, and Types].
The Probability. Cambridge Dictionary. Retrieved from: https://dictionary.cambridge.org/dictionary/english/probability
The Insured. Cambridge Dictionary. Retrieved from: https://dictionary.cambridge.org/dictionary/english/insured
Insured. Economic sovereignty. Retrieved from: http://lang.slovopedia.org.ua/13/53399/202991.html
Acording Event: Definition in Business, How They Work, and Types. Investopedia. Retrieved from: https://www.investopedia.com/terms/a/accounting-event.asp