Apart from the division of risk into “Systematic and Unsystematic Groups”, risk can be sub-divided into “subjective and objective” categories. The specific risk is every threat with even the possibility of occurring, and even to catastrophic levels. In case of subjective risk – it is connected with an occurrence of probability assessment of human risk in the future, whereas the last one is objective and refers to determination of some phenomenon.
Another risk subcategory divides risk into Financial and Non-Financial Risk, which is connected with possibility of loss occurring, both in financial aspects and non-financial aspects. Static and Dynamic risk. Dynamic risk is the one which is caused by changes in economy and economics – such as changes in prices, incomes, spending and technology, and Static Risk is connected with dangers of the environment and dishonesty of other entities. The basic and specific risk comes from the classification according to causes of risk occurrence and its consequences. The last type of risk in this division is Pure Risk (where there is a possibility for loss to occur or not) and speculative (where there is possibility not only for loss to occur, but also probability for profit to occur). 
Fig.3: The Main Division of Risk
Source: Waldemar Tarczyński, Zarządzanie ryzykiem.
 Waldemar Tarczyński, Magdalena Mojsiewicz, Zarządzanie ryzykiem, PWE, Warszawa 2001r., p.11