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V Risk Avoidance
V Risk Reduction
V Risk Retention
V Risk Combination
V Risk Transfer
V Risk Sharing
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V Risk
V Peril
V Hazard
V Types of Risk
V Subject Matter of Insurance
V Loss Frequency and Loss Severity
V Risk
Management«Why?....When?...How?
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V Risk Management Strategies:
Risk Control
Risk Financing
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V Physical Hazard

V Moral Hazard

V Morale Hazard
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V Personal Risk

V Property Risk

V Liability Risk
  

V ~orporate Risk Management


Process

V Personal Risk Management


Process
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V ©dentifying Potential Losses
V Evaluating Potential Losses
V Selecting The Appropriate
Technique for Handling Losses
V ©mplement and Review the
program Periodically
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V Property Loss Exposures
V Liability Loss Exposures
V Business Income Loss Exposures
V Human Resource Loss Exposures
V Crime Loss Exposure
V Employee Loss Exposure
V Foreign Loss Exposures
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Y  
     

V Risk ~ontrol

V Risk Financing
~aptive ©nsurer
 
    
V Personal

V Property

V Liability
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V Risk Management Policy Statement

V Implementation by coordinating various


depts.:
Accounts
Finance
Production
Marketing
Human Resource
 
    
V Personal Risks

V Property Risks

V Liability Risks
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V ]eneral Principles
V Specific Principles
V Miscellaneous Principles
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V ¦ffer and Acceptance
V Legal ~onsideration
V ~ompetent to make ~ontract
V Free ~onsent
V Legal ¦bject
    © 
V Principle of indemnity
V Principle of ©nsurable ©nterest
V Principle of Subrogation
V Principle of Utmost good faith
(Uberrima Fides)
Representations, ~oncealment,
Warranty
V Principle of Proximate cause
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V Principle of Contribution
V Principle of Assignment
V For Life Insurance
Indemnity not Applied
Conditional Contract
Contract of Adhesion (non
negotiable)
Unilateral in Nature

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V ©nsurance Defined

V ©nsurance Vs Gambling

V ©nsurance Vs Hedging
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V ©ndemnification of Loss
V Less Worry and Fear
V Sources of ©nvestment Funds
V Enhancement of ~redit
V Loss Prevention
~ost of ©nsurance to
Society
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V Large Number
V Accident and Unintentional
V Non ~atastrophic loss
V ~alculable ~hance of Loss
V Economically Feasible Premium


Risk of Fire as
©nsurable
Risk