………… is the process of reducing frequencies and severely of losses.

Related MCQs

• On the death of the bread-earner, two losses occur in the family-one is loss of human life and the other _____
• ________ involved those losses that occur even if there were no changes in the economic environment.
• Direct or Consequential losses refer to _________
• Risk management follows a systematic process which involves _______ steps.
• The first step in risk management process is
• Which of the following steps in the risk management process helps in determining sum insured under policies?
• …………..is concerned with the conversion of a firms asset and earning power against risk of accidental loss.
• _________ is concerned with the conversion of a firm’s asset and earning power against risks of accidental loss.
• When the same risk and subject matter is insured with more than one insurer is called as _______
• This policy covers all risks to the ship and its cargo while the ship is at a particular port ___________.