The difference between traditional insurance and holistic risk management is a. holistic risk management provides the protection to the balance sheet while traditional risk management cannot provide this cover. b. holistic risk management manages operational risk only while traditional risk management manages all risk categories that have an impact on the balance sheet. c. Holistic risk management provides mono-line policies while traditional risk management provide multiline policies. d. holistic risk management protects industrial risks while traditional risk management protects industrial risks and financial exposures