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What is the difference between risk retention and risk transfer?
Wiki User
∙ 12y ago
risk retention is to accept when the loss occurs and risk transfer is shifting the responsibilty of one's own losses to someone else.
Wiki User
∙ 12y ago
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How do risk taking and risk assessment relate to right and responsibilities?
Risk taking and risk assessment are not related to personal rights. Some might say that risk taking is a right but others might say that it is an abrogation of one's responsibilities.
What is reasonable risk?
If this is a serious question, a reasonable risk is a risk you take if the chance of winning is worth the chance of failing. It can also be a risk you have thought about, and brought it into reason.
What risk did the slaves take?
the risk that the slaves take is that they have to run away by night, unseen, and unsentered.
What is different between slavery and sharecropping?
Share croppers were at risk of non profit but slavery was for free so slave owners pick slaves rather than share croppers and the cotton the slaves pick were more of value so having someone for free
What is considered a high risk act in prison?
Escape, assault on an officer of the law.
What is the difference between risk retention and self insured?
Risk retention refers to the ability to accept risk and or can be referred to as risk taking, however self insured refers to a situation when someone is very much hopeful
What is difference between active passive risk retention?
Retaining risk passively - Understanding the risk without taking any actions to prevent possible outcomes. Active retention - preparing for risk to happen, having plan for in case it would happen. Some form of self insurance (direct insurance would be form of transferring risk.)
What is risk financing?
Risk financing is any technique used to obtain funds to restore losses that strike an individual or entity. These techniques fall into three general categories Risk retention contractual transfer to non insurer in which legal liability is retained transfer to an insurer.
What is Difference between wholesaler and retailer on the basis risk?
what is Difference between wholesaler and retailer on the basis risk?
What is difference between constraint an risk?
A constraint is a limitation that is visible and present. The difference between a constraint and risk is that a risk is problem that is not yet seen, or a potential problem.
What is the difference between risk behavior and risk situation?
idl
What are the difference between political risk and country risk?
they are the same
What is the difference between transaction risk and economic risk?
Transaction is bank risk
What does risk retention mean?
Risk retention is a form of self-insurance. An organization sets aside a reserve fund to be able to offset unexpected claims.
What is the difference between a risk and a benefit?
a risk is taking a chance and a benefit is benfiting from it
What are the advantage and disadvantage of risk transfer?
advantages of risk transfer
What is the difference in risk assumed between participating and non-participating policies?
What risk? Assumed by who?
