Assignment for you

The Insurance Association and Risk Managers determine:

• Risk management is the practice of good management.
• Risk management is a process that helps strengthen the right decision.
• Risk management is a strategic system to avoid risk.
• Risk management is the identification of opportunities.
• Risk management is the avoidance and minimization of losses.
• Risk management is a tactical system of identifying, analyzing, addressing and monitoring the risks involved in certain activities or operations.
• Risk management is a method that helps managers to use available resources properly and effectively.

    

The Process of Risk Management

  Who are the risk-takers?

      Risk management practices are commonly used in the public and private sectors, covering a wide range of activities or operations. These include finance and investment, insurance, health care, public institutions and the state.

      Effective risk management is the value of skills and recognition.

• All educational institutions have formal courses and a degree in risk management.
• The risk management process is well established  ( International Risk Management Standards Standard ) .
• Risk management is now an integral part of a business plan.