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... risk management the risk is done byone person within the organization while insurance is a contract involving two parties the insurer and insured where the insured pays premiums and incase of a loss he is indemnified by the insurer.
Finance
/Insurance
/Compare and contrast between Insurance and Risk Management
This essay gives the comparisons and contrasts between insurance and risk management. These two terms have often been misinterpreted to mean the same whilst they are not.
Details
| language |  | english |
| wordcount |  | 791 (cca 2 pages) |
| contextual quality |  | N/A |
| language level |  | N/A |
| price |  | free |
| sources |  | 1 |
Table of contents
none
Preview of the essay: Compare and contrast between Insurance and Risk Management
Risk implies some form of uncertainity about an outcme in a given situation.Risk management is the identification analysis and economic control of all those risks which threaten the assets or earning capacity of an enterprise .Insurance on the ...... risk management the risk is done byone person within the organization while insurance is a contract involving two parties the insurer and insured where the insured pays premiums and incase of a loss he is indemnified by the insurer.
Essay is in categories
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Finance
/Insurance
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Economics
/Management
/Risk Management
/Comments
none