Question: Answer the following questions . provide examples where required Q1.4 Name the two principal methods of estimating loss distributions. (4) Q1.6 Risk management is concerned

Answer the following questions . provide examples where required

Q1.4 Name the two principal methods of estimating loss distributions. (4)

Q1.6 Risk management is concerned with managing possible future consequences or outcomes. This suggests that risk has a number of elements. Provide practical examples of each element of risk. (10)

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