Which of the following best describes risk control?

Study for the CII Certificate in Insurance - Introduction to Risk Management (I11). Review key concepts, understand risk principles, and test your knowledge with multiple choice questions.

Risk control refers to the steps taken to manage and mitigate risks to reduce their potential negative impact. It involves implementing measures aimed at preventing risks, minimizing their effects, or eliminating them entirely. This can include various strategies, such as preventive maintenance, safety training, and protective equipment, tailored to specific risks identified through risk assessment.

While evaluating risks, documenting information, and sharing details with stakeholders are all important aspects of risk management, they do not directly address the actions taken to control risks. The essence of risk control lies in the proactive measures that organizations take to manage their risk exposure, making the correct choice a reflection of the core principle of risk control in risk management practices.

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