Risk management for enterprises and individuals.

Format:

Book

Contributor:

Open Textbook Library, distributor.

Series:

Open Textbook Library.

Open textbook library.

Language:

English

Subjects (All):

Risk (Insurance).

Risk management.

Physical Description:

1 online resource : illustrations (some colour).

Updated irregularly.

Distribution:

Minneapolis : Open Textbook Library.

Place of Publication:

Arlington, Virginia : Saylor Academy, [2012]-

System Details:

Mode of access: World Wide Web.

text file

Summary:

"This book is intended for the Risk Management and Insurance course where Risk Management is emphasized. When we think of large risks, we often think in terms of natural hazards such as hurricanes, earthquakes or tornados. Perhaps man-made disasters come to mind such as the terrorist attacks in the U.S. on September 11, 2001. Typically we have overlooked financial crises, such as the credit crisis of 2008. However, these types of man-made disasters have the potential to devastate the global marketplace. Losses in multiple trillions of dollars and in much human suffering and insecurity are already being totaled, and the global financial markets are collapsing as never before seen. ... Risk management will be a major focal point of business and societal decision-making in the 21st century. A separate focused field of study, it draws on core knowledge bases from law, engineering, finance, economics, medicine, psychology, accounting, mathematics, statistics and other fields to create a holistic decision-making framework that is sustainable and value- enhancing. This is the subject of this book."--Open Textbook Library.

Contents:

The nature of risk : losses and opportunities

Risk measurement and metrics

Risk attitudes : expected utility theory and demand for hedging

Evolving risk management : fundamental tools

The evolution of risk management : enterprise risk management

The insurance solution and institutions

Insurance operations

Insurance markets and regulation

Fundamental doctrines affecting insurance contracts

Structure and analysis of insurance contracts

Property risk management

The liability risk management

Multirisk management contracts. Homeowners

Multirisk management contracts. Auto

Multirisk management contracts. Business

Risks related to the job : workers' compensation and unemployment compensation

Life cycle financial risks

Social security

Mortality risk management : individual life insurance and group life insurance

Employment-based risk management (general)

Employment-based and individual longevity risk management

Employment and individual health risk management

Cases in holistic risk management.

Notes:

Includes bibliographical references.

This bibliographic record is available under the Creative Commons CC0 "No Rights Reserved" license.

Description based on online version, v. 1.0, 2012; Title from OTL website (viewed on July 26, 2016)

ISBN:

0982361807

9780982361801

OCLC:

953997011

Access Restriction:

Open Access Unrestricted online access