Distinguish between pure risk and speculative risk. Listand explain in detail the three kinds of pure risk.

Explain the concept of Enterprise Risk Management. Howdoes it differ with the holistic risk management approach? Why did the Harvard Business Review consider it a “gamechanger” as it applied to strategic planning?

Explain the following financial risks: interest rate risk,market risk, credit risk, and currency risk. How would aglobal insurance company, for example John Hancock, possibly manageeach one of these risks; provide current assumptions and figures inyour answer.

You are a claims specialist for YYZ Insurance Company and yourpolicyholder has purchased a trampoline to be placed in theirbackyard. They tell the neighbor’s kids they cannot use thetrampoline, but while the policyholder was on vacation one of theneighbor’s kids jumped on the trampoline and fell, breaking hisarm. Who is negligent? Include in your answer a reviewof the four elements that prove negligence.

In past few years, a number of high-profile retail businesses(e.g., Target, Home Depot) have been subject to personalinformation hacking. Explain the application of e-commercerisk on these companies and how they can manage the risk. What level of recourse does the patron have against the company (ifany)?

Explain a CGL policy. Include the different parts of thepolicy and also explain how it’s different from a BPP policy.