Summary |
As industrial technology advances toward a second industrial revolution increasing the complexity of the modern business enterprise and subjecting much greater values in plant and equipment to a multiplicity of risks, the insurance fraternity is confronted with tremendous new areas of challenge. The trend toward providing insurance coverage on an all-risk basis in lieu of the named-peril approach is one response already in evidence. The economics involved in dealing with risks suggests that a corporation requires a total-risk-oriented insurance manager, thus giving rise to the term “risk manager.”
This book is a compilation of articles contributed by many who were willing to question … to find … to develop … and to share new information and techniques. If their thoughts accurately reflect the past evolutionary pattern, what, then, is the prospectus for the growing job of risk management? What will the risk function demand in the future?
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