Summary |
In ideal risk management, a prioritization process is followed whereby the risks with the greatest loss (or impact) and the greatest probability of occurring are handled first, and risk with lower probability of occurrence and lower loss are handled in descending order. In practice the process of assessing overall risk can be difficult, and balancing resources used to mitigate between risks with a high probability of occurrence but lower loss versus a risk with high loss but lower probability of occurrence can often be mishandled
Contents
Insurance Business Strategy
Insurers’ Business Model
Life Insurance in India
Different Insurances
IRDA Act 1999
Budget Crisis
Risk Management
Enterprise Risk Management
Process and Principles of Risk Management
Formulation of Principles
Glossary of Insurance Terms
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