Risk Transfer
From Open Risk Manual
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Definition
Risk Transfer denotes any activity that has the effect of transferring risk from one legal entity to another. It is a common technique used by Risk Managers to address or mitigate potential exposures of the organization. A series of techniques describing the various means of addressing risk through insurance and similar products. Refers to the shifting of the burden of loss to another party through legislation, contract, insurance or other means. It can also refer to the shifting of a physical risk or part thereof elsewhere.
Types of Risk Transfer
In principle any identified Risk Type can be:
