What is Risk Mitigation?
Risk Mitigation A set of strategies, measures, or controls used by insurers and reinsurers to reduce the likelihood, impact, or severity of insured or operational risks. This includes underwriting, reinsurance, diversification, and loss prevention programs.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Risk Mitigation” Used in Practice?
Insurers implement risk mitigation strategies such as reinsurance and portfolio diversification to manage aggregate exposures.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Risk Mitigation?
A set of strategies, measures, or controls used by insurers and reinsurers to reduce the likelihood, impact, or severity of insured or operational risks. This includes underwriting, reinsurance, diversification, and loss prevention programs.
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