What is Risk Management and Insurance?

Risk management is the systematic process of managing an organization's risk exposures to achieve its objectives in a manner consistent with public interest, human safety, environmental factors, and the law. It consists of the planning, organizing, leading, coordinating, and controlling activities undertaken with the intent of providing an efficient pre-loss plan that minimizes the adverse impact of risk on the organization's resources, earnings, and cash flows.

For more information regarding the academic field of Risk Management and Insurance, please read the official position paper of the American Risk and Insurance Association. Also, you are welcome to visit any of the following Risk and Insurance World Wide Web Servers:

RISKWeb is provided as an ancillary service of the RISKNet Internet mailing list by Professor James R. Garven at the University of Texas at Austin.
ARIAWeb is a World Wide Web (WWW) server that provides information concerning the programs and services offered to members and friends of the American Risk and Insurance Association (ARIA). Click here to learn how to obtain more information about ARIA. If you are interested in becoming a member of ARIA, here is an application form.
Go to RTSWeb Home Page. RTSWeb serves information regarding the programs and services offered by the Risk Theory Society.
RMIWeb serves information regarding the programs and services offered by the Risk Management and Insurance faculty at the University of Texas at Austin.
GSUWeb serves information regarding the programs and services offered by Georgia State University's Department of Risk Management and Insurance.

Last Updated 8/21/94