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This book is designed to reflect the dynamic nature of the field of risk management as an introduction. This book allows the reader to be on the forefront of knowledge in the arena of risk management. Every chapter begins with an introduction and highlight the relationships between various concepts and components of risk and risk management so that students know how the pieces fit together. This book examines the various risks which organizations face and how they can be managed in a holistic manner in the best interest of the organization. This book aims to fulfil the requirement of people engaged in business risk and insurance management and professional interested in the cutting edge of risk management.