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Risk Management
Topic 7
4
Insurance
Undergraduate 4
04/01/2012
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Cards

Term
Worry Value increase as
 Definition
1. Variable loss increase
2. P* confidence decreases
3. Size of possible loss increase
4. Prob max possible loss increase
5. Financial strength of firm decrease
6. LvL of insurance coverage decrease
Term
Qualitative Decision Making Technique

3 Risk Control Options
 Definition
-Avoidance
-Loss Prevention
-Loss Reduction
Term
How to finance Risk
 Definition

-Retention

        >unfunded

    >funded

-Insurance
Term
Risk Financing Chart
 Definition
[image]
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