Risk Planning And Control
Once risk and identified and analyzed, it is important to plan and adopt a suitable strategy for controlling the risk. Risk planning and controlling is the stage which comes after the risk analysis process is over.
There are five major methods of handling and controlling risk.
(a) Risk avoidance;
(b) Risk retention;
(c) Risk transfer;
(d) Loss control
(e) Insurance.
Once risk and identified and analyzed, it is important to plan and adopt a suitable strategy for controlling the risk. Risk planning and controlling is the stage which comes after the risk analysis process is over.
There are five major methods of handling and controlling risk.
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(a) Risk avoidance;
(b) Risk retention;
(c) Risk transfer;
(d) Loss control
(e) Insurance.
Insurance Law And Practice - ICSI
Risk Planning And Control
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Saturday, April 22, 2017
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