Risk Management News
Risk, as defined by the insurance industry, is the probability that a loss may or may not occur. Risk management is the identification, assessment, minimization, and potential elimination of the various risks that can threaten an organization's financial stability.
The Bureau of Labor Statistics estimates that there are around 500,000 risk managers in the United States today and that this number will increase by 13%, or 64,000, before 2016. The most recent report on this booming profession revealed that the median salary for risk managers was $90,970, with only the lowest 10% of those surveyed earning less than $50,290.
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