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If your organisation takes out insurance cover to address various risks, which one of the following risk management strategies is it adopting?
Suggested Answer: D
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Transfer.
Some of the risk has been transferred to the insurance company.
4 comments · newest first
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Rolande
20 hours ago
I’m a bit confused; I thought "treat" meant to manage risks directly, but insurance seems more like transferring them.
JU
Judy
6 days ago
I practiced a question similar to this, and I think it was about transferring risk, so I’m leaning towards D) Transfer.
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Pearlie
11 days ago
I remember discussing risk management strategies, and I feel like "tolerate" could also fit, but that seems less likely with insurance.
KA
Kayleigh
16 days ago
I think the answer might be D) Transfer since insurance is about transferring risk, but I'm not completely sure.