Risk Management

Management of the pure risks to which a company might be subject. It involves analyzing all exposures to the possibility of loss and determining how to handle these exposures through such practices as avoiding the risk, reducing the risk, retaining the risk, or transferring the risk, usually by insurance

See Also: Risk Class; Risk Retention Groups; Reinsurance Recoverables to Policyholder Surplus; Reinsurance Ceded; Reinsurance;

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