Risk management refers to the practice of identifying potential risks in advance, analysing them and taking precautionary steps to mitigate/eliminate them. Thus, risk management is simply the practice of systematically identifying and understanding risks and the controls that are in place to manage them. Risk is defined as the chance of something happening that will have an impact on objectives. Whatever may be the type of risk, there is a need to manage it. For ...
Insurance Industry in India: Features, Reforms and Outlook
