Insurance Risk Management Techniques. Insurance is a risk management technique involving. Insurance is a risk management technique involving a:risk retention,b:risk avoidance,c:loss control,d:risk transfer
One of the best methods of risk management is transferring that risk to another party. Describe how insurers use risk pooling to pay for losses incurred by policyholders. Risk management is a comprehensive approach to handling risk by identifying, analyzing, controlling and financing risk, and finding and implementing the most efficient methods for doing so.