What does AS ISO 31000:2018 say about dealing with risk?

Risk treatment options are not necessarily mutually exclusive or appropriate in all circumstances. Options for treating risk may involve one or more of the following: – avoiding the risk by deciding not to start or continue with the activity that gives rise to the risk; – taking or increasing the risk in order to pursue an opportunity; – removing the risk source; – changing the likelihood; – changing the consequences; – sharing the risk (e.g. through contracts, buying insurance); – retaining the risk by informed decision