Which of the following is NOT a form of risk management?

Indemnity refers to a principle in insurance that restores an insured party to the same financial position they were in before a loss occurred, without providing a profit. It is a concept related to how insurance policies compensate for losses, but it does not directly fall into the categories of risk management strategies.

Risk management typically includes methods such as avoidance (eliminating the risk), transfer (shifting the risk to another party, such as through insurance), and retention (accepting the risk and bearing any potential losses). While indemnity is crucial in the context of insurance compensation, it does not serve as a proactive risk management strategy. Instead, it operates as a reactive measure that comes into play after a loss has occurred, ensuring that the affected party is compensated according to the terms of their policy.