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How can we manage risk? While risks cannot be eliminated, measures can be taken to reduce the probability and size of loss caused by risks. This process is known as risk management. Risk Control methods are those that try to minimize the losses from risks. Insurance is the most widely used means for reducing risk by transfer.
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Can a financial planner be considered a doctor whose pre assigned task is to provide remedy to its ailing patient? Monday, August 10, 2009. How can we manage risk? While risks cannot be eliminated, measures can be taken to reduce the probability and size of loss caused by risks. This process is known as risk management. The different methods used for management of risk can be broadly categorized into two categories. Risk reduction is achieved through loss prevention and control. For example, the ris.CONTENT
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