What Does Operational Risk Mean?

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What does Operational Risk mean? Read on to discover the definition & meaning of the term Operational Risk - to help you better understand the language used in insurance policies.

Operational Risk

Operational Risk

The risk of loss from everything other than credit, market, and interest rate risks. It is the risk of human, process, system, or technological failure as well as risks from external events (i.e., event risk).

We hope the you have a better understanding of the meaning of Operational Risk.

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