Reinsurance is a deal between two insurance firms wherein the latter takes over some of the original company's obligations up to a mutually agreed-upon amount. It increases the capacity for insurers to issue more policies without fear of being unable to honor the claims in case … [Read more...]
Risk Management in Forex Trading: How to Minimize Losses and Maximize Profits
When investing, assessing and managing risk is extremely important in determining whether or not you can successfully navigate the financial markets. It is especially true for Forex trading, where even sophisticated strategies cannot guarantee success due to overly dynamic market … [Read more...]
Three Strategies to Deal with Rising Insurance Premiums
Business insurance premiums pose a major expense. But there are strategies that you can use to lower them. By understanding the factors that influence your insurance premiums and taking steps to reduce your risk, you can save money on insurance costs. In this article, we'll … [Read more...]
5 Ways to Mitigate Supply Chain Risk
Supply chain risks can be quite disruptive. These risks can be internal or external. Internal threats, including manufacturing, business, planning and control, mitigation and contingency, and cultural risks, offer better mitigation opportunities because they're within your … [Read more...]
How to Create a Risk Register
Risk managers have several responsibilities at any given time. These responsibilities revolve around identifying, planning, executing, and monitoring projects. These steps in project management are important in their own right, but the planning phase significantly impacts the … [Read more...]
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