Individual Vs Group risk

Individual risk is the risk that affects the economy.
Example : earthquakes, floods, wars, unemployment etc.

Where as,
Group risk is the risk persisting over a group.
Example : theft, robbery, fire etc.

Financial Vs Non financial risk

Financial risk is the risk of financial loss.
Example is damage of property etc.

Where as,
Non financial risk is the risk in non financial matters.
Example is risk in the section of career etc.

Objective risk Vs Subjective risk

Objective risk is relative variation of actual loss from expected loss, where as subjective risk is an uncertainity based on a person's mental condition or state of mind.

What is Risk ?

Risk is a condition in which there is a possibility of an adverse deviation from a desired outcome that is expected or hoped for. At its most general level risk is used to describe any situation where there is uncertainty about what outcome will occur. Life is obviously risky. Risk may be objective or subjective.