In the insurance context, risk management is the transfer of certain risks from an insured to an insurance company by contractual agreement.

Name: In the insurance context, risk management is the transfer of certain risks from an insured to an insurance company by contractual agreement.
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Risk management in insurance involves transferring risk from the insured to the insurer through a contract, typically an insurance policy, where the insurer agrees to compensate the insured for specific losses.

In the Insurance Context, Risk Management Is the Transfer of Certain