What does Personal Risk Management mean? Read on to discover the definition & meaning of the term Personal Risk Management - to help you better understand the language used in insurance policies.
Personal Risk Management
The process of applying risk management principles to the needs of individual consumers. It is the process of identifying, measuring, and treating personal risk (including, but not limited, to insurance), followed by implementing the treatment plan and monitoring changes over time.
We hope the you have a better understanding of the meaning of Personal Risk Management.