In your academic journey with Insurance Risk Management, you will develop an understanding and appreciation of the principles and practices of Risk Management in order to enable an organisation to create an optimum strategy for the purpose of managing risk.
This text provides a practical, managerial approach to the subject and gives you a rich variety of examples and applications to illustrate the main principles through simple, yet effective learning aids.
Each chapter begins with a list of learning outcomes that you can expect to achieve by studying the topic. This is followed by a statement on why the topic is important. Together, they set out a clear contextual framework for you, within which you will conduct your study, being at all times conscious of why you are studying the topic.
This text begins by establishing the context of risk management and flows into a discussion of the risk management process. Risk identification, risk analysis, and evaluation discuss how to identify and categorise the various risks faced by an organisation. The discussion on risk control and treatment helps the learner to explain and evaluate the various risk control measures available. Risk financing, and risk monitoring and review are discussed as the final steps of the risk management process, thereby helping the learner design a complete risk management program for a business organisation, and apply the insurance mechanism to Risk Management. The final discussion is on international risk management.
Scattered throughout, are insightful thought primers that will set you thinking of what you have just read, learning activities and case studies that will help you reflect on issues as if you were facing them in the real-world.
Towards the end are a collection of rich review questions and tutorial questions to help you assimilate what you have learned and put your knowledge and skills to the test.
Klang Valley, Johor, Penang: 1-3 days; Rest of Peninsular Malaysia: 1-4 days; Sabah, Sarawak, Brunei: 5-7 days. All in working days
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