Risk Identification and Measurement参考.pptVIP

T3.* HN, Ch. 3 McGraw-Hill/Irwin Copyright ? 2004 by the McGraw-Hill Companies, Inc. All rights reserved. Chapter 3 Risk Identification and Measurement Identifying Business Risk Exposures Property Business income Liability Human resource External economic forces Identifying Individual Exposures Earnings Physical assets Financial assets Medical expenses Longevity Liability Probability Distributions Probability distributions Listing of all possible outcomes and their associated probabilities Sum of the probabilities must equal 1 Two types of distributions: discrete continuous P