Meaning of “risk management” in the English Dictionary

"risk management" in Business English

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risk managementnoun [ U ]

uk us

MANAGEMENT, INSURANCE the activity of calculating and reducing risk, so that an organization does not fail or lose money:

Companies often overlook fraud in their risk management.

FINANCE the activity of calculating and reducing risk in a set of investments, so that investors do not lose money:

We don't have the right kind of risk management expertise to manage these types of investments.

(Definition of “risk management” from the Cambridge Business English Dictionary © Cambridge University Press)