<\/span><\/h2>\n\n\n\nRisk management is a process that identifies loss exposures faced by an organization and selects the most appropriate techniques for treating such exposures. Because the term risk is ambiguous and has different meanings, risk managers typically use the term loss exposure to identify potential losses.<\/p>\n\n\n\n
Risk management is a scientific approach to the problem of risk that has as its objective the reduction and elimination of risks facing the business firm. Risk management evolved from the field of corporate insurance buying and is now recognized as a distinct and important function for all businesses and organizations.<\/p>\n\n\n\n