Back to basics—just how much should a risk manager know about risk financing?

✍ Scribed by Vivian B. Miller

• Book ID: 102351258
• Publisher: Wiley (John Wiley & Sons)
• Year: 2011
• Tongue: English
• Weight: 287 KB
• Volume: 31
• Category: Article
• ISSN: 1074-4797
• DOI: 10.1002/jhrm.20078

✦ Synopsis

Abstract

Whether directly involved in development and implementation of the organization's risk financing program or not, risk management professionals, at the very least, need to be familiar with and understand the various risk financing strategies available to address all areas of exposure. This article addresses the types of coverages and risk financing options that should be considered when developing a comprehensive risk‐financing program, and why it is important for risk management professionals to have some knowledge about these products, in order for their true value to be fully appreciated.