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Contents
Assignment 1
Introduction to Risk Management 1.1
Understanding and QuantifyingRisk 1.3
Risk Classifications 1.5
Enterprise Risk Management 1.11
Loss Exposures 1.17
Risk Management Benefits 1.25
Risk Management Program Goals 1.29
The Risk Management Process 1.35
Summary  1.43
Assignment 2
Risk Assessment 2.1
Identifying Loss Exposures 2.3
Data Requirements for Exposure
Analysis2.11
Nature of Probability 2.14
Using Probability Distributions 2.16
Using Central Tendency 2.22
Using Dispersion 2.29
Using Normal Distributions 2.34
Analyzing Loss Exposures 2.37
Summary  2.47
Assignment 3
Risk Control 3.1
Risk Control Techniques 3.3
Risk Control Goals 3.12
Application of Risk Control
Techniques3.18
Business Continuity Management 3.22
Summary  3.26
Assignment 4
Risk Financing 4.1
Risk Financing Goals 4.3
Retention and Transfer 4.7
Selecting Appropriate Risk
Financing Measures 4.14
Risk Financing Measures 4.19
Summary  4.42
Assignment 5
Insurance as a Risk Management
Technique5.1
How Insurance ReducesRisk 5.3
Benefits of Insurance 5.8
Characteristics of an Ideally
Insurable Loss Exposure 5.11
Insurability of Commercial Loss
Exposures5.19
Insurability of Personal Loss
Exposures5.30
Government Insurance Programs 5.34
Summary  5.40
Assignment 6
Insurance Policy Analysis 6.1
Distinguishing Characteristics of
Insurance Policies 6.3
Structure of Insurance Policies 6.11
Policy Provisions 6.16
Policy Analysis 6.23
Summary  6.27
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Assignment 7
Common Policy Concepts 7.1
Insurable Interest 7.3
Insurance to Value 7.9
Property Valuation Methods 7.15
Valuation of Liability Claims 7.21
Reasons for Property Insurance
Deductibles7.24
Liability Deductibles and Self-
Insured Retentions 7.27
Other Sources of Recovery 7.29
Summary  7.33

Assignment 8
Big Data Analytics  8.1
Big Data and TechnologyThe
Future of Insurance 8.3
Big Data Characteristics and
Sources8.8
Data Mining 8.13
Data-Driven Decision Making 8.18
Summary  8.23

Index1