Navigation
Search

Risk-Based Performance Management iPad App
Strategy & Risk Studio is available to download now. 

Glossary of Performance & Risk Management terms
Glossary by Source
Submit an entry
This form does not yet contain any fields.
    Achive by period
    Powered by Squarespace

    « Risk response | Main | Risk sharing »
    Sunday
    Dec072008

    Risk retention

    DateSunday, December 7, 2008 at 09:31AM

    Acceptance of the benefit of gain, or burden of loss, from a particular risk.

    Note 1: Risk retention includes the acceptance of residual risks.
    Note 2: The level of risk retained may depend on risk criteria.

    Source : BS31100:2008 [ISO Guide 73]

    AuthorAndrew Smart | CommentPost a Comment |
    in

    Reader Comments

    There are no comments for this journal entry. To create a new comment, use the form below.
    Member Account Required
    You must have a member account on this website in order to post comments. Log in to your account to enable posting.