Imagine if you were offered $1,000, no questions asked, or a 10% chance to win $25,000.

Which would you choose?

The answer depends on your risk appetite. But what if you had more information? Would knowing your financial position and ability to absorb a loss change your decision?

Risk managers face more complex versions of this decision every day. How much risk should your organization retain? Which exposures warrant insurance? Which risks should you mitigate before purchasing coverage?

With the property insurance market offering greater flexibility, now is an ideal time to reassess your risk appetite. Making informed decisions requires understanding your organization's exposures, potential losses and financial capacity to absorb risk.

The white paper, "Bet on Yourself: How to Build a Smarter Risk Appetite with Risk Engineering," explores how independent risk engineering data helps organizations reevaluate insurance programs and make smarter decisions about which risks to mitigate, retain, transfer or accept.