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The Risk Management process
The Risk Management process

... Post Loss: employment of industrial nurse may minimize the effect of an injury. Financial Control This aims at using financial mechanism in reducing risks. Retention Predictable level of losses can be retained e.g. if fires losses in aggregate from $100 million upwards, insured can for an excess and ...
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Systemic risk

In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system, that can be contained therein without harming the entire system. It can be defined as ""financial system instability, potentially catastrophic, caused or exacerbated by idiosyncratic events or conditions in financial intermediaries"". It refers to the risks imposed by interlinkages and interdependencies in a system or market, where the failure of a single entity or cluster of entities can cause a cascading failure, which could potentially bankrupt or bring down the entire system or market. It is also sometimes erroneously referred to as ""systematic risk"".
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