$1.$ Name three speculative financial risks that may be considered by a risk manager.

$2.$ How does enterprise risk management differ from traditional risk management?

$3.$ What is the underwriting cycle? Differentiate between a $$hard$$ and a $$soft$$ insurance market.

$4.$ What is meant by $$consolidation$$ in the insurance industry?

$5.$ How does securitization of risk increase capacity in the property and casualty insurance industry?

$6.$ 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?

$7.$ What is the danger of simply using past losses to estimate future losses?

$8.$ Why is time value of money analysis used in risk management decision making?

$9.$ What variables are difficult to quantify when analyzing investments in risk$-$control projects?

$10.$ a$.$ What is a risk management information system $($RMIS$)?$

$$ b$.$ What is a risk management intranet?$$