risk management

noun
the technique or profession of assessing, minimizing, and preventing accidental loss to a business, as through the use of insurance, safety measures, etc.

Origin:
1960–65

risk manager, noun
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
Every time, he would warn them that it was not suitable for use in risk
  management or valuation.
Risk management became a euphemism for continued justification of unsound
  practices.
As recommended in my book, what is truly needed is a comprehensive program of
  risk management of bird and wildlife strikes.
One way is to spread the seeds of mankind on other worlds for better risk
  management.
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