Shimpi (1995) defines the term 'Insurative' as 'any corporate capital resource, be it debt, equity, insurance, derivative, contingent capital or any other.'
Risk Control is the process of identifying, monitoring, limiting, avoiding, offsetting and transferring risks.
Strategic Risk Management is the process of reflecting risk and risk capital in the strategic choices that a company makes.
Catastrophic Risk Management is the process of envisioning and preparing for extreme events that could threaten the viability of the enterprise.
Risk Management Culture is the general approach of the firm to dealing with its risks.
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