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RAP Tenders Information required for quotations Risk Management Partners www.rmpartners.co.uk Risk Management Partners www.rmpartners.co.ukContents Introduction3General4Property5Fine Art6Crime7Casualty8Officials
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Risk management is the process of identifying, assessing, and controlling risks that may affect an organization's capital and earnings. Risk refers to the possibility of experiencing harm or loss.
Organizations that are subject to regulatory requirements, including businesses in financial sectors, healthcare, and other industries where risk management practices are mandated, are required to file.
To fill out risk management and risk documentation, organizations should identify potential risks, evaluate their impact, implement mitigation strategies, and provide detailed reports on each area.
The purpose of risk management and risk is to minimize the negative impact of risks on an organization and enhance decision-making to protect assets and ensure compliance with regulations.
Organizations must report identified risks, their potential impacts, mitigation strategies, monitoring plans, and any incidents that have occurred related to those risks.
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