Reference no: EM133230392

Principles of Risk and Insurance Assignment - Risk Management Process Discussion

Description - You need to put 1 question and 2 responses. Please focus on the following subjects:

Objectives of risk management - Pre-losss and post-loss risk management program goals and the conflicts that can arise as they are implemented

Each of the steps in the risk management process

• Thee major risk-control, and risk-financing techniques
• The nature of probability and the law of large numbers
• The principles of risk management to personal risk management program. Financial risk management and enterprise risk management
• The aspects of retention and transfer
• The risk control techniques
• The impact of underwriting cycle and consolidation in the insurance industry on the practice of risk management
• Capital market risk-financing alternatives, including risk securitization through catastrophe bonds and weather options
• How individuals or organizations can achieve risk management goal
• Risk financing measure in an organization environment