Page 18 - Insurance Glossary 100 Terms - Sashi Publications
P. 18
Risk: The possibility of loss, injury, or other
adverse or unwelcome circumstance.
Risk Analysis: Determining the likelihood
and consequences of identified risks.
Risk Appetite: The amount of risk an
organization is willing to accept to achieve its
objectives.
Risk Assessment: The process of
evaluating potential risks and determining
their potential impact.
