Integrated risk management programs are new to many risk managers and the insurance companies that offer such programs. What additional expertise, aside from knowledge of property and casualty insurance, must an insurance company possess to offer integrated risk management products?
Answer to relevant QuestionsA risk manager self-insured a property risk for one year. The following year, even though no losses had occurred, the risk manager purchased property insurance to address the risk. What is the best explanation for the change ...How does enterprise risk management differ from traditional risk management?What variables are difficult to quantify when analyzing investments in risk-control projects?What is a mass-merchandising plan in property and liability insurance?Property Insurance Company is a new property insurer. The company is growing rapidly because of a new homeowners policy that combines traditional homeowner coverages with insurance that pays off the mortgage if the insured ...
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