Question: Explain the concept of risk and risk management processes from an insurance companys perspective, and discuss one risk management tool used to mitigate institutional risk within the sector.

In addition, you are required to:

• Comment on at least two (2) posts from your peers and provide sound supporting arguments for your responses.
• Each graded discussion should be between 300-400 words. Students will not be penalized for exceeding the word limit indicated. However, students will be penalized for falling short of a minimum of 300 words. The educational objective of this exercise is for you to engage in a process of critical thinking, which includes analysis and synthesis.
• External references must be appropriately cited both in the body of the response as well as in a reference list at the end of the response, using American Psychological Association (APA) format.
• Please be guided by the rubric for this assignment.