Risk Management and Insurance Introduction to Risk Management参考.pptVIP

Introduction to Risk Management (Topic 01) Main ReferenceHarrington, S.E., Niehaus, G.R. (1999). Risk Management and Insurance. USA: Irwin/McGraw-Hill Synopsis Different Meanings of Risk Risk is costly Types of Business Risk Types of Individual Risk Different Meaning Of Risk Possible variability in outcomes around some expected value Expected losses associated with a situation Is Risk costly? Yes Types of Business Risk Price Risk I)Commodity price risk II) Exchange rate risk III) Interest rate risk Credit risk Pure risk I) Damage to assets II) Legal liability III) Worker injur