Insurance Journal's Academy of Insurance

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What is Risk and Risk Management

What is Risk and Risk Management

Quick Overview

Risk abounds in life and in business. In this session, we will examine risk, what is it and what does it mean for us? We will then take a look at how risk can be managed and decide on a process for doing just that.


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Duration 1 hour
Location Online Webinar
Formats On-Demand
Instructor Patrick WraightPatrick Wraight

Risk is a word that gets thrown around a lot in the insurance world, but what does it really mean and can we really manage risk? Risk is at the essence of insurance, but insurance is not risk management. Risk management is a way of looking at the risk that exists, whether it is in an individual life, or in business, and finding a way to deal with it so that the results of risk can become a little more predictable or manageable. By the end of this session, you should be able to:

  • Define risk and risk management
  • Describe a process to manage risk
  • Detail the place of insurance in the process of managing risk

Explore more in the Risk Management Basics series

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