Risk management and Insurance Chapter 1 - Coggle Diagram
Risk management and Insurance Chapter 1
Risk is a condition in which there is a possibility of adverse deviation from the desired outcome that is expected or hoped for.
Is a systematic approach to dealing with risks that threaten the assets and earnings of a business or enterprise.
Peril is defined as the cause of loss.
A hazard is a condition that creates or increases the frequency or severity of loss.
Methods of Handling Management Risk
Risk Management Process