MLchartDataset catalogue

Risk management RM

Term · Insurance and risk management · MLC-T-INS-002975

The systematic process of identifying, assessing, and controlling threats to an organization's capital and earnings. Risk management (RM) involves analyzing potential events and their financial consequences, then implementing strategies to either avoid, mitigate, accept, or transfer the risk, often through insurance. The process follows a cycle of identification, analysis, response planning, and monitoring, as outlined in standards like ISO 31000.

Table 1. Record
IdentifierMLC-T-INS-002975
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002975",
  "term": "Risk management RM",
  "field": "Insurance and risk management",
  "definition": "The systematic process of identifying, assessing, and controlling threats to an organization's capital and earnings. Risk management (RM) involves analyzing potential events and their financial consequences, then implementing strategies to either avoid, mitigate, accept, or transfer the risk, often through insurance. The process follows a cycle of identification, analysis, response planning, and monitoring, as outlined in standards like ISO 31000.",
  "url": "https://mlchart.com/terminology/insurance/risk-management-rm/"
}

Record 3,017 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.