The risk management framework consists of five key phases: identification, analysis, prioritization, treatment, and monitoring. Digital systems improve efficiency by centralizing data, enhancing visibility, and enabling automated risk management. The process begins with identifying risks in areas such as legal, environmental, market, or regulatory factors. Next, a detailed analysis as... https://www.insurancebusinessreview.com/news/a-modern-approach-to-managing-organizational-risks-nwid-659.html