Nguồn ngoài

Risk Management for Enterprises and Individuals

This book is intended for the Risk Management and Insurance. 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.

Finance Business

Tác giả: Anonymous
Nhà xuất bản: LibreTexts
Nguồn: LibreTexts
Giấy phép: CC BY-NC-SA
Ngôn ngữ: EN
Danh mục: Kinh tế

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Mục lục· 158 mục

01: The Nature of Risk - Losses and Opportunities
1.01: Introduction
1.02: Links
1.03: The Notion and Definition of Risk
1.04: Attitudes toward Risks
1.05: Types of RisksRisk Exposures
1.06: Perils and Hazards
1.07: The Nature of Risk - Losses and Opportunities (Exercises)
02: Risk Measurement and Metrics
2.01: Introduction
2.02: Quantification of Uncertainty via Probability Models
2.03: Measures of Risk - Putting It Together
2.04: Risk Measurement and Metrics(Exercises)
03: Risk Attitudes - Expected Utility Theory and Demand for Hedging
3.01: Introduction
3.02: Utility Theory
3.03: Uncertainty Expected Value and Fair Games
3.04: Choice under Uncertainty - Expected Utility Theory
3.05: Biases Affecting Choice under Uncertainty
3.06: Risk Aversion and Price of Hedging Risk
3.07: Information Asymmetry Problem in Economics
3.08: Why Corporations Hedge
3.09: Risk Attitudes - Expected Utility Theory and Demand for Hedging(Exercises)
04: Evolving Risk Management - Fundamental Tools
4.01: Introduction
4.02: The Risk Management Function
4.03: Beginning Steps - Communication and Identification
4.04: Projected Frequency and Severity and Cost-Benefit Analysis—Capital Budgeting
4.05: Risk Management Alternatives - The Risk Management Matrix
4.06: Comparisons to Current Risk-Handling Methods
4.07: Appendix - Forecasting
4.08: Evolving Risk Management- Fundamental Tools(Exercises)
05: The Evolution of Risk Management - Enterprise Risk Management
5.01: Introduction
5.02: Enterprise Risk Management within Firm Goals
5.03: Risk Management and the Firm’s Financial Statement—Opportunities within the ERM
5.04: Risk Management Using the Capital Markets
06: The Insurance Solution and Institutions
6.01: Introduction
6.02: Links
6.03: Nature of Insurance
6.04: Ideal Requisites for Insurability
6.05: Types of Insurance and Insurers
6.06: Appendix - More Exposures, Less Risk
6.E: The Insurance Solution and Institutions(Exercises)
07: Insurance Operations
7.01: Insurance Operations- Marketing, Underwriting, and Administration
7.02: Insurance Operations - Actuarial and Investment
7.03: Insurance Operations- Reinsurance, Legal and Regulatory Issues, Claims, and Management
7.04: Appendix - Modern Loss Reserving Methods in Long Tail Lines
7.05: Introduction
7.E: Insurance Operations(Exercises)
08: Insurance Markets and Regulation
8.01: Introduction
8.02: Insurance Market Conditions
8.03: Insurance Regulation
8.E: Insurance Markets and Regulation(Exercises)
09: Fundamental Doctrines Affecting Insurance Contracts
9.01: Introduction
9.02: Agency Law - Application to Insurance
9.03: Requirements of a Contract
9.04: Distinguishing Characteristics of Insurance Contracts
9.E: Fundamental Doctrines Affecting Insurance Contract(Exercises)
10: Structure and Analysis of Insurance Contracts
10.01: Introduction
10.02: Entering into the Contract
10.03: The Contract
10.E: Structure and Analysis of Insurance Contracts(Exercises)
11: Property Risk Management
11.01: Introduction
11.02: Property Risks
11.03: E-Commerce Property Risks
11.04: Global Property Exposures
11.E: Property Risk Management(Exercises)
12: The Liability Risk Management
12.01: Introduction
12.02: Nature of the Liability Exposure
12.03: Major Sources of Liability
12.04: Possible Solutions
12.E: The Liability Risk Management
13: Multirisk Management Contracts - Homeowners
13.01: Introduction
13.02: Packaging Coverage, Homeowners Policy Forms, and the Special Form(HO-3)
13.03: Endorsements
13.04: Other Risks
13.05: Personal Umbrella Liability Policies
13.06: Shopping for Homeowners Insurance
13.E: Multirisk Management Contracts- Homeowners(Exercises)
14: Multirisk Management Contracts - Auto
14.01: Introduction
14.02: The Fault System and Financial Responsibility Laws
14.03: Ensuring Auto Insurance Availability
14.04: Types of Automobile Policies and the Personal Automobile Policy
14.05: Auto Insurance Premium Rates
14.E: Multirisk Management Contracts - Auto(Exercises)
15: Multirisk Management Contracts - Business
15.01: Introduction
15.02: Commercial Package Policy and Commercial Property Coverages
15.03: Other Property Coverages
15.04: Commercial General Liability Policy and Commercial Umbrella Liability Policy
15.05: Other Liability Risks
15.E: Multirisk Management Contracts - Business(Exercises)
16: Risks Related to the Job - Workers Compensation and Unemployment Compensation
16.01: Introduction
16.02: Workers' Compensation Laws and Benefits
16.03: How Benefits Are Provided
16.04: Workers' Compensation Issues
16.05: Unemployment Compensation
16.E: Risks Related to the Job - Workers’ Compensation and Unemployment Compensation(Exercises)
17: Life Cycle Financial Risks
17.01: Introduction
17.02: Links
17.03: The Risks Related to Mortality
17.04: The Risks Related to Longevity
17.05: The Risks Related to Health and Disability
17.06: Global Trends and Their Impact on Demography and the Life Cycle Risks
17.7: Appendix - How Much Life Insurance to Buy?
17.E: Life Cycle Financial Risks(Exercises)
18: Social Security
18.01: Introduction
18.02: Definition, Eligibility, Benefits, and Financing of Social Security
18.03: Medicare
18.04: Issues and Global Trends in Social Security
18.E: Social Security(Exercises)
19: Mortality Risk Management - Individual Life Insurance and Group Life Insurance
19.01: Introduction
19.02: How Life Insurance Works
19.03: Life Insurance Market Conditions and Life Insurance Products
19.04: Taxation, Major Policy Provisions, Riders, and Adjusting Life Insurance for Inflation
19.05: Group Life Insurance
19.E: Mortality Risk Management - Life Insurance and Group Life Insurance(Exercises)
20: Employment-Based Risk Management (General)
20.01: Introduction
20.02: Overview of Employee Benefits and Employer Objectives
20.03: Nature of Group Insurance
20.04: The Flexibility Issue, Cafeteria Plans, and Flexible Spending Accounts
20.05: Federal Regulation Compliance, Benefits Continuity and Portability, and Multinational Employee Benefit Plans
20.E: Employment-Based Risk Management (General)(Exercises)
21: Employment-Based and Individual Longevity Risk Management
21.01: Introduction
21.02: The Nature of Qualified Pension Plans
21.03: Types of Qualified Plans, Defined Benefit Plans, Defined Contribution Plans, Other Qualified Plans, and Individual Retirement Accounts
21.04: Annuities
21.05: Plan Funding Techniques
21.06: Employment-Based and Longevity Risk Management(Exercises)
22: Employment and Individual Health Risk Management
22.01: Introduction
22.02: Group Health Insurance - An Overview Indemnity Health Plans Managed-Care Plans and Other Health Plans
22.03: Individual Health Insurance Contracts Cancer and Critical Illness Policies and Dental Insurance
22.04: Disability Insurance Long-Care Insurance and Medicare Supplementary Insurance
22.05: Employment and Individual Health Risk Management(Exercises)
23: Cases in Holistic Risk Management
23.01: Cases in Holistic Risk Management
23.02: Case 1 - The Smith Family Insurance Portfolio
23.03: Case 2 - Galaxy Max, Inc., Employee Benefits Package
23.04: Case 3 - Nontraditional Insurance Programs and Application to the Hypothetical Loco Corporation
23.05: Chapter Bibliography
23.E: Cases in Holistic Risk Management(Exercises