Which of the following is NOT one of the five methods of managing risk?

Indemnification is not typically classified as one of the five primary methods of managing risk. The commonly recognized methods are retention, avoidance, reduction, transfer, and sharing.

Retention involves accepting the risk and possibly absorbing the consequences should they occur, often used for risks that are seen as manageable or minor. Avoidance means eliminating the risk altogether by not engaging in the activity that generates the risk. Reduction refers to implementing measures to minimize the likelihood or impact of a risk. Transfer shifts the risk to another party, commonly through insurance or outsourcing.

Indemnification relates to compensating for damage or loss, and while it can be connected to risk management, it serves more as a remedial action rather than a proactive method of managing risk itself. Therefore, it does not fit into the core categories dedicated to risk management techniques.