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Q: What are the advantages of risk transfer?
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The advantages of technology transfer is that China can mass produce United States nuclear apparatus and sell it back for cheaper prices. The main disadvantage is there are compromises to US security.


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risk retention is to accept when the loss occurs and risk transfer is shifting the responsibilty of one's own losses to someone else.


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What is the actual meaning of insurance?

The term insurance means the transfer of risk from one person to another, usually a company specializing in the insurance industry. You can transfer any type of risk be it the risk of wrecking your automobile, the risk of dying, the risk of a storm damaging your home. The type of risk dealt with in insurance is always the risk of financial loss.


What are similarities and differences between insurance and risk management?

"Risk management" might be considered to be the umbrella topic. Managing risk can be accomplished by risk avoidance, taking measures to reduce or ameliorate risk, or risk transfer. Insurance is the fundamental form of risk transfer because the financial impact of an untoward event (the risk) is transferred to a third party (the insurer) in return for the payment of a premium.


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What is a risk transfer mechanism?

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