1. InsuranceInsurance products designed to pool risks amongst clients.
2. Self InsuranceThe pooling of risks within an organization to reduce the maximum impact to any one team or department.
3. MitigationRisk sharing may provide opportunities for an organization to mitigate risks. For example, resource risks shared between multiple teams may provide opportunities to share resources and reduce risk.
4. CommitmentRisk sharing may be used as a strategy to improve the commitment of stakeholders to a project. For example, if operations and marketing share the risks of a project it may be more likely to succeed versus a situation whereby operations bears all risk.
|Overview: Risk Sharing|
The practice of distributing risks amongst multiple parties.