Risk management and insurance management are synonymous.

Question

Quizplus · Accepted Answer

While risk management and insurance management are related concepts, they are not the same thing. Risk management involves identifying, analyzing, and assessing risks to an organization's assets, reputation, and financial stability. Insurance management is a specific aspect of risk management that involves evaluating and selecting appropriate insurance policies to transfer the financial burden of certain risks to an insurance company.

Risk Management and Insurance Management Are Synonymous