What term describes the risk that has no chance of gain or beneficial results?

The term that describes the risk that has no chance of gain or beneficial results is "Pure Risk." Pure risk is characterized by situations that can result only in loss or no loss, without any possibility for financial gain. Examples of pure risk include the risk of fire damage to property or the risk of a natural disaster. In these cases, the outcomes are limited to either a complete loss or a scenario where everything remains unchanged.

This contrasts with speculative risk, where there is potential for both loss and gain, such as investing in the stock market. Underwriting risk pertains to the risk an insurer faces when determining whether to accept an application and how to price it, while adverse selection involves the tendency of people with higher risks to seek insurance coverage more often than those with lower risks, leading to an unbalanced risk pool. Understanding these distinctions is crucial for effective risk management and insurance underwriting.