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

Paradigm shifts in america, do you think paradigm shifts having taken place...

do you think paradigm shifts having taken place in marketing?

What are the major promotional tools used by a marketer, Question 1: (i...

Question 1: (i) What are the four major promotional tools used by a marketer? (ii) What kind of promotional mix will you select for; (a) Consumer durables? (b) Heavy

What is convenience goods, What is Convenience Goods Do you remember,...

What is Convenience Goods Do you remember, last time when did you buy a packet of butter or a soft drink or a grocery item? Perhaps you don't remember, or you would say last

Formulate suitable strategy for the firm organization, Question: Dire D...

Question: Dire Dawa Food Complex Share Company is producing and marketing different food complexes to local as well as international markets. It is famous and well known whose

Consumer buying behaviour and industrial buying behaviour, Question 1: ...

Question 1: Discuss the differences and similarities between consumer buying behaviour and industrial buying behaviour. Question 2: For any organization of your choice,

International Marketing, Define International Marketing and furnish its fe...

Define International Marketing and furnish its features

Analyze the ethical considerations, Question1 Suppose you are the brand...

Question1 Suppose you are the brand manager for Subtle, a lightly scented shampoo aimed at women. Sales of your product have been declining. Exploratory research suggests your

Managing demand and supply of service, Question 1: Describe the types o...

Question 1: Describe the types of new service developments and its stages Introduction Detail explanation on types of new service development and its stages Diag

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