Neelofa is working as Takaful officer at Ombak Takaful Sdn Bhd. As part of the riskmanagement team in the company, she has to do presentation to the top management explainingabout different types of risk that the potential clients could be exposed to and recommend thetools to mitigate each of the risk.

You are required to assist Neelofa to develop an analytical presentation:

Briefly explain types of risk?

Examine the appropriate tools to mitigate the risk?