Answer-What is the purpose of risk management for an insured?

Risk management is the process of identifying, assessing, and controlling potential losses. It aims to minimize the impact of potential losses on an individual or organization.

Question

What is the purpose of risk management for an insured?

A To identify, assess, and control potential losses

B To eliminate all possible risks

C To transfer all risks to an insurance company.

D To avoid any activities that may involve risk.

E None of the above

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What is the purpose of risk management for an insured?

Solution