View source for Risk Transference

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| '''1.''' Risk Transference refers to the shifting of the burden of [[loss]] for a [[risk]] to another party through legislation, contract, insurance or other means. 
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'''Related Terms''': [[Risk Treatment]], [[Residual Risk]]

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'''2.''' Refers to the shifting of the burden of [[loss]] to another party through legislation, contract, insurance or other means.  It can also refer to the shifting of a physical [[risk]] or part thereof elsewhere.

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'''3.''' A series of techniques describing the various means of addressing [[risk]] through insurance and similar products. This includes recent developments such as the securitisation of [[risk]] and creation of, for example, catastrophe bonds.

('''Source:''' Business Continuity Institute - BCI)

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