View source for Non-transferable risk

Non-transferable risks are risks which must be borne by an organisation. 


Non-transferable risks might be avoided or accepted and retained or reduced as appropriate. 

In the case of non-transferable business risks (which by definition are not avoided) it is important that the organisation has a distinctive competence in the relevant areas. 

For example, a pharmaceutical company's non-transferable risks would include the risk that failure to gain approval for use of a new drug means that the research and development costs have been wasted.



== See also ==
* [[Committed risk]]
* [[Pharmaceuticals]]
* [[Risk management]]
* [[Transferable risk]]
* [[Uncommitted risk]]

[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]