What is 'Risk Management'
Risk management is the procedure of identifying, assessing and controlling threats to an organization's capital and incomes. These threats, or risks, could stem from a varied variety of sources, including financial uncertainty, strategic management errors, legal liabilities, accidents and natural disasters. IT security threats and data-related risks, and the risk management strategies to ease them, have become a top priority for digitized corporations. As an outcome, a risk management plan progressively includes businesses' processes for identifying and controlling threats to its digital assets, including branded corporate data, a customer's personally identifiable information and intellectual property.
There are many types of insurance, we have explained Health insurance, Auto insurance, Life insurance, Pet insurance, Dental insurance, Travel insurance, Homeowners insurance, Business Insurance and Unemployment Insurance.Health Insurance: Insurance that reimbursements for medical expenditures. It is sometimes used more l...read more
Below are some definitions and examples of risk management that explains risk with different aspects, such as risk management in general, in finance, in food industry, in insurance, in securities trading, in workplace. Risk Management in General:A probability or threat of damage, injury, liability, loss, or any othe...read more