Risk management process

{
  "id": "MLC-T-INS-002974",
  "term": "Risk management process",
  "field": "Insurance and risk management",
  "definition": "A structured approach to identifying, assessing, treating, and monitoring risks that could affect an organization's objectives. This iterative process typically involves steps such as establishing context, risk identification, risk analysis, risk evaluation, risk treatment, and ongoing monitoring and review. It aims to minimize adverse impacts and maximize opportunities.",
  "url": "https://mlchart.com/terminology/insurance/risk-management-process/"
}