Potential liability losses, Marketing Management

Assignment Help:

As risk manager, you are concerned about the additional liability exposure the firm will face if it accepts the project. you obtain an estimate of the annual total loss distribution from an insurance company that has many years of experience dealing with these types of exposures. The annual total loss distribution has a mean of $125,000, a standard deviation of $50,000, and a skewness coefficient of 2.

The management team is worried about how the potential liability losses will be financed. The company decides to establish a loss reserve such that it can be 92% confident that its actual losses can be met by the fund. determine the size of the required loss reserve.


Related Discussions:- Potential liability losses

How is selling of products performed on web marketing, How is selling of pr...

How is selling of products performed on Web Marketing? An organization sell their products straight to consumer, employ trading networks or auction sites to arrive at new custo

State the characteristics of communications, State the characteristics of c...

State the characteristics of communications Within market exchanges, communications are characterised by planning and formality. Relational exchanges are supported by more fre

Mkt mgt, various approaches of test marketing

various approaches of test marketing

Marketing strategy multi player, #questionThis week in the Music2Go Multi-P...

#questionThis week in the Music2Go Multi-Player you will be required to launch a New Product into one of the empty Market Segments (Sports or Youth). Part of this process will be t

Marketing information, Marketing information: to perform the complex task ...

Marketing information: to perform the complex task of marketing the marketer needs many pieces of information as a basis for drawing marketing decisions. Market information as a b

Illustrate the strategy of position on usage, Illustrate the Strategy of Po...

Illustrate the Strategy of Position On Usage? Position on Usage: Position on usage strategy is related to benefit positioning several products are sold onto origin of the

Strategiy selection, Explain the six key criteria for strategy selection by...

Explain the six key criteria for strategy selection by providing appropriateexamples

Explain about the increased profitability in e-commerce, Explain about the ...

Explain about the increased profitability in e-commerce. Increased Profitability: a. The direct cost to sale for an order taken through a web site is lower as compared to

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd