Difference between revisions of "Risk Transference"
Jump to navigation
Jump to search
| Line 1: | Line 1: | ||
{| style="margin-left: 0px; text-align: left; font-style: none; width:100%; font-weight: none; background: #F0F0F0; border:1px " | {| style="margin-left: 0px; text-align: left; font-style: none; width:100%; font-weight: none; background: #F0F0F0; border:1px " | ||
| '''1.''' Risk Transference refers to the shifting of the burden of [[loss]] for a [[risk]] to another party through legislation, contract, insurance or other means. | | '''1.''' Risk Transference refers to the shifting of the burden of [[loss]] for a [[risk]] to another party through legislation, contract, insurance or other means. | ||
| + | {{Template:BL-BCM-5Banner}} | ||
| − | + | '''Related Terms''': [[Risk Treatment]], [[Residual Risk]] | |
| − | Related Terms: [[Risk Treatment]], [[Residual Risk | ||
| − | |||
| − | |||
| − | |||
| + | {{Template:BCM Course}}<br><br> | ||
{{BcmBoK 2 CL 2B}} | {{BcmBoK 2 CL 2B}} | ||
<br><br> | <br><br> | ||
| Line 14: | Line 12: | ||
{{BcmBoK 2 CL 2D}} | {{BcmBoK 2 CL 2D}} | ||
| − | + | {{Template:BLCoursesBanner}} | |
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
{{Bcm Institute Source}} | {{Bcm Institute Source}} | ||
|} | |} | ||
| + | {{Template: BookMGISO22301}} | ||
| + | |||
[[Category:BCM Institute Glossary]] | [[Category:BCM Institute Glossary]] | ||
Latest revision as of 14:47, 29 October 2020
| 1. Risk Transference refers to the shifting of the burden of loss for a risk to another party through legislation, contract, insurance or other means.
Related Terms: Risk Treatment, Residual Risk
| ||||||||||||||||||||||
2. Refers to the shifting of the burden of loss to another party through legislation, contract, insurance or other means. It can also refer to the shifting of a physical risk or part thereof elsewhere.
(Source: Singapore Standard 540 - SS 540:2008)
3. A series of techniques describing the various means of addressing risk through insurance and similar products. This includes recent developments such as the securitisation of risk and creation of, for example, catastrophe bonds.
(Source: Business Continuity Institute - BCI)
