Contractual risk transfer is the use of contractual obligations such as indemnity and exculpatory...
risk management techniques
Risk management techniques are the methods for treating risks.
Additional Information
Traditional risk management techniques for handling event risks include risk retention, contractual or noninsurance risk transfer, risk control, risk avoidance, and insurance transfer. Other techniques used for other types of risk (e.g., credit, operational, interest rate risks) include financial tools such as hedges, swaps, and derivatives.
Related Terms
Risk control is the risk management technique of minimizing the frequency or severity of losses...
Risk financing refers to achievement of the least-cost coverage of an organization's loss...
Risk management is the practice of identifying and analyzing loss exposures and taking steps to...
The risk management process is the process of making and implementing decisions that will minimize...
Risk retention is the planned acceptance of losses by deductibles, deliberate noninsurance, and...
