Risk Prioritization

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

Risk Prioritization

Risk Prioritization

The ranking of material risks on an appropriate scale, such as frequency and/or severity. See alsoRisk map/mapping.

More Insurance Terms And Definitions

The Merriam-Webster Dictionary defines insurance as:

a: The business of insuring persons or property.

b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.

c: The sum for which something is insured.

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