保险学Treisch2eCh08.ppt

Selecting and Implementing Risk Management Techniques Chapter 8 Chapter Objectives Give examples of when risk avoidance might be a wise risk management decision Describe how loss control is used as a complement to risk retention and risk transfer Explain the concept of present value and its relevance for risk management decision making Explain the relationship of expected loss frequency and severity to the optimal use of risk retention Discuss the use of statistical analysis in the selection of deductible levels Describe several characteristics of firms that may find self insurance to be a feasible risk management alternative Explain the major considerations in implementing risk management decisions Describe the concept of enterprise risk management and some of the alternative risk transfer tools that firms use in this framework Introduction The selection of appropriate risk management techniques is a dynamic problem The best method for handling a particular exposure today may not be the best method a year from now Many relevant factors change regularly The frequency and severity of losses may vary Causing estimates for the maximum possible loss or maximum probable loss to fluctuate The cost and availability of different risk management tools cannot be assumed to remain constant Introduction The steps for selecting among available risk management techniques for a given situation may be summarized as follows Avoid risks if possible Implement appropriate loss control measures Select the optimal mix of risk retention and risk transfer Avoid Risks if Possible Risks that can be eliminated without an adverse effect on the goals of an individual or business probably should be avoided Without a systematic identification of pure risk exposures Some risks that easily could be avoided may inadvertently be retained Implement Appropriate Loss Control Measures For risks that a business or individual cannot or does not wish to avoid Consideration should