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BWRR3033
Abdelnaser Omran
21st Sep. 2016
What is the Risk Management process?
10
Step 4. Evaluate the risks
• Risk evaluation involves comparing the
level of risk found during the analysis
process with previously established risk
criteria, and deciding whether these
risks require treatment.
15
Risk Management vs. Insurance
Management
• RM covers a wide scope of managing both
insurable and non-insurable risks (e.g. Ins. Burglary
damages caused by fire and road accident, e.g. non-Ins. Earthquake, War)