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11 June, 11:35

13. What does it mean to "transfer risk"?

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Answers (2)
  1. 11 June, 12:10
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    Contractual shifting risks from one party to another
  2. 11 June, 15:27
    0
    Risk transfer is a risk management and control strategy that involves the contractual shifting of a pure risk from one party to another.

    Example:

    The purchase of an insurance policy, by which a specified risk of loss is passed from the policyholder to the insurer.
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