a. Why is loss forecasting necessary when making a decision about whether to retain or transfer loss

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a. Why is loss forecasting necessary when making a decision about whether to retain or transfer loss exposures?
b. What techniques can a risk manager use to predict future losses?

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Principles of Risk Management and Insurance

ISBN: 978-0132992916

12th edition

Authors: George E. Rejda, Michael McNamara

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Question Posted: Jan 30, 2015 07:38 AM

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a. Why is loss forecasting necessary when making a decision about whether to retain or transfer loss

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a Loss forecasting is necessary to enable the risk manager to make an ...View the full answer

Principles of Risk Management and Insurance

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