risk management

noun

1. the technique or profession of assessing, minimizing, and preventing accidental loss to a business, as through the use of insurance, safety measures, etc.

Other Word Forms

• risk manager noun

Word History and Origins

Origin of risk management¹

First recorded in 1960–65

Example Sentences

The Ministry of Climate Change's budget doesn't reflect climate funding in Pakistan, argues Ali Tauqeer Sheikh, an expert in climate risk management.

From BBC

While the storm is not expected to hit the islands directly, the country's Disaster Risk Management Authority encouraged residents to prepare.

From BBC

“Insurance companies have been using their own risk maps and other robust risk management tools to assess wildfire risk for years in making rating and underwriting decisions,” Stolfi said in a news release.

From Salon

The plan recommends that the National Institute of Standards and Technology eliminate references to “misinformation, Diversity, Equity, and Inclusion, and climate change” in its AI risk management framework.

From Los Angeles Times

Barclays Bank has been fined £42m by the UK's financial watchdog for failures in its money laundering risk management.

From BBC