Home > Glossary

Cost Of Risk

Cost of Risk

Definition

The cost of managing risks and incurring losses. Total cost of risk is the sum of all aspects of an organization's operations that relate to risk, including retained (uninsured) losses and related loss adjustment expenses, risk control costs, transfer costs, and administrative costs.

Related Products

Download Free IRMI Update White Paper
Contractual Risk Transfer
Quality Risk Management Fieldbook

Navigation

Social Media

User ID: Subscriber Status:Free