In insurance underwriting, a process that involves ascertaining the degree of risk represented by each proposed insured person or group according to a range of criteria established when a specific insurance product was designed. Also known as risk selection and selection of risks. See also underwriting.
The process of establishing information regarding acceptable levels of a risk and/or levels of risk for an individual, group, society, or the environment.
is a process to determine the level of importance of hardware, software, processes, facilities, etc. to the operation of your business function. Assigning a risk value indicates the relative importance for action on your Contingency Plans.