Page 19 - Insurance Glossary 100 Terms - Sashi Publications
P. 19
Risk Avoidance: Eliminating exposure to a
risk by not engaging in the activity that gives
rise to it.
Risk Culture: The values, beliefs, and
attitudes about risk shared by a group or
organization.
Risk Evaluation: Comparing estimated risks
against criteria to determine their
significance.
Risk Framework: A structured approach that
outlines an organization’s risk management
strategy.
