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"diversify risk" is a correct and usable phrase in written English.
It can be used when referring to an individual or organization taking measures to minimize the potential losses associated with the risks they face. For example, "By investing in a wide range of financial products, the company was able to diversify risk and minimize the losses associated with the downturn in the stock market."
Exact(28)
Most of the time, the complex new instruments diversify risk and serve the public good.
Seven are in single-car garages in a condominium complex "to diversify risk," he said.
In theory, those products can help investors and companies diversify risk, but they are nearly impossible to value.
ONE of the main motives for investing in emerging stockmarkets has been the desire to diversify risk.
"People run to diversify risk, but generally they never do it until the market goes down," he said.
Geographical expansion and the development of a broad product portfolio are required to diversify risk and capture growth opportunities.
Similar(29)
They are now trying to improve returns and diversify risks.The oil wealth has not destroyed Norway's egalitarian spirit.
Second, to diversify risks in the cross-border production.
Instead of diversifying risk, the investor has concentrated it.
Economies of scale apply to insurance, which benefits from large and well diversified risk pools.
There's nothing unusual about Khaled's keys: all successful self-help books preach similar themes of moderation, diversified risk, personal codes, and humility.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com