Only in the 1950s, did risk management start to a… Although businesses always had to manage risk, risk management was not recognized as a separate function of business until the beginning of the 20th-century. However, the responsibilities of the insurance manager did not include the other forms of risk management: risk avoidance, reduction and retention. Then, major corporations, such as railroads and steel companies, started hiring an insurance manager, who purchased all the insurance for a specific company.

Here are some risk management objectives: Analyze and manage all risks (financial, human, information systems, strategic risks) to avoid vertical segmentation effects and all potential impacts of these risks (financial and non-financial impacts such as reputation, knowledge).

The objective of risk management insurance are: Creating a healthy & comfortable working climate for both workers and clients Determine possible risks on the health of employees & organization Objective of risks management is to identify what can possibly go wrong to build action plan : actions to avoid the risk (preventive actions) and actions to execute if risk occurs to mitigate its effect (corrective actions)

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