Question

Which of the following is a technique of risk management?

a.

Risk transfer

b.

Risk retention group

c.

Risk retention financing

d.

Asset management

Posted under IC85 Reinsurance Management

Answer: (a).Risk transfer Explanation:Risk transfer is a technique of risk management where the risk is transferred from one party to another. It involves transferring the financial consequences of potential losses to an insurance company or another entity through the purchase of insurance policies or other risk transfer mechanisms. This allows the party transferring the risk to mitigate their exposure and protect their financial interests. Risk retention group and risk retention financing are specific strategies or approaches within risk management, while asset management refers to the professional management of investments and is not directly related to risk transfer.

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Q. Which of the following is a technique of risk management?
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