Risk Management

''Life is inherently risky.There is only one big risk you should avoid at all costs, and that is the risk of doing nothing.''- Denis Waitley

So True - Isn't it???

And Insurance Sector plays a vital role in Risk Taking Decisions, as one can go ahead and grow, by transferring all the stress and anxiety to the Insurance Company.

The traditional way of handling risks can be classified into 4 categories:-

1. Risk Avoidance
2. Risk Retention
3.Risk Reduction and control.
4. Risk Financing

Risk Financing can be either through Self Financing or by Risk Transfer.

And Insurance is one of the major form of Risk Transfer.