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28 February, 22:47

13. What does it mean to "transfer risk"?

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Answers (2)
  1. 29 February, 00:05
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    Contractual shifting risks from one party to another
  2. 29 February, 00:07
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    Risk transfer is a risk management and control strategy that involves the contractual shifting of a pure risk from one party to another.

    Example:

    The purchase of an insurance policy, by which a specified risk of loss is passed from the policyholder to the insurer.
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