User:Efrem.a/sandbox

Risk Transfer
One part of the ERM Model is Risk Transfer. Per the terms and conditions the CRO must decide to spread the risk to an external party or to retain the risks. If he spreads the risk then it moves to an external party, but it can also go to a subsidiary. In general, the companies transfer risk by purchasing different kinds of insurance. The three favorite types of insurance are workers' compensation, general liability, and property / casualty insurance.

Stakeholders Management
Stakeholders are all individuals or groups of people who are in contact with the company. As the need for information grows in importance, management must respond to better risk visibility for the stakeholder groups. These include employees, customers, supporters, offerers, business partners, creditors and other stakeholders. Stakeholder managers provide useful information about the risk situation and financial position to stakeholders so that they can make the right investment decisions.