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5 September, 18:54

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

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  1. 5 September, 19:04
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    Contractual shifting risks from one party to another
  2. 5 September, 19:06
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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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