talk about the definition of
risk and the importance of risk and the relationship between risk and
insurance will be explained remaining in the other subjects of the role
of insurance
Hazard identification :
Are displayed or set of probabilistic phenomena unwanted , and claim to create a state of doubt and uncertainty about the value , location and timing of losses may occur in the future
- relationship between risk management and insurance:
Risk management is more comprehensive than the insurance
Where interested in pure hazard risk management
While insurance is a tool of several tools that can be used in risk management face purely notification .
- affected by the maximum possible material loss to the value of the three elements of danger :
1 - value-at- risk ( v) the maximum material loss can occur
2 - loss rate ( r ) 1 - probability of the accident 2 - Unit Loss
3 - the number of units at risk
Are displayed or set of probabilistic phenomena unwanted , and claim to create a state of doubt and uncertainty about the value , location and timing of losses may occur in the future
- relationship between risk management and insurance:
Risk management is more comprehensive than the insurance
Where interested in pure hazard risk management
While insurance is a tool of several tools that can be used in risk management face purely notification .
- affected by the maximum possible material loss to the value of the three elements of danger :
1 - value-at- risk ( v) the maximum material loss can occur
2 - loss rate ( r ) 1 - probability of the accident 2 - Unit Loss
3 - the number of units at risk
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