Bharti AXA INSURANCE GLOSSARY Financial Risk Management Financial Risk Management Financial risk management is the use of various strategies and financial instruments to manage the exposure of a firm to various financial risks including operational risk, credit risk, foreign exchange risk, market risk, volatility risk, shape risk, legal risk, business risk, inflation risk and reputational risk among others. Financial risk management involves identifying source of risk, quantifying the probable impact of the event and planning how to address them. A simple example of financial risk management is setting a limit on the amount that can be spent towards a given expense. In a household, the family may decide that they will not spend over ₹10,000 a month on avoidable expenses. Or a front office trader may have a daily value at risk limit that she is cannot cross. Request Call Back Category * - Select -CarTwo WheelerHealthTravelPersonal Accident Buy Renew Claim submit Related Posts Disclaimer : The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.