Products related to Risk:
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Risk Management & Introduction to Insurance
A guide to both risk management and insurance. Risk management is becoming increasingly important to companies and society in general, and Risk Management & Introduction to Insurance offers an accessible guide for anyone trying to understand it.Divided into two parts, the book first offers an introduction that examines the concept of risk and its historical context while defining the key terminology.In addition, the tools necessary for risk assessment are reviewed and the different steps of the risk management process are discussed.The second part of the book focuses on the economics of insurance, social insurance, and the private insurance market.The different branches and products of private insurance are analyzed, and an overview of the basics of calculating insurance premiums based on contractual benefits and the practice of an actuary is provided.Numerous practical applications (such as cyber risk management), examples, and illustrations complete the book.As a whole, the book is an essential reference for business school students, professionals, and anyone interested in risk management and insurance.
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Security Risk Models for Cyber Insurance
Tackling the cybersecurity challenge is a matter of survival for society at large.Cyber attacks are rapidly increasing in sophistication and magnitude—and in their destructive potential.New threats emerge regularly, the last few years having seen a ransomware boom and distributed denial-of-service attacks leveraging the Internet of Things.For organisations, the use of cybersecurity risk management is essential in order to manage these threats.Yet current frameworks have drawbacks which can lead to the suboptimal allocation of cybersecurity resources.Cyber insurance has been touted as part of the solution – based on the idea that insurers can incentivize companies to improve their cybersecurity by offering premium discounts – but cyber insurance levels remain limited.This is because companies have difficulty determining which cyber insurance products to purchase, and insurance companies struggle to accurately assess cyber risk and thus develop cyber insurance products.To deal with these challenges, this volume presents new models for cybersecurity risk management, partly based on the use of cyber insurance.It contains: A set of mathematical models for cybersecurity risk management, including (i) a model to assist companies in determining their optimal budget allocation between security products and cyber insurance and (ii) a model to assist insurers in designing cyber insurance products. The models use adversarial risk analysis to account for the behavior of threat actors (as well as the behavior of companies and insurers). To inform these models, we draw on psychological and behavioural economics studies of decision-making by individuals regarding cybersecurity and cyber insurance. We also draw on organizational decision-making studies involving cybersecurity and cyber insurance.Its theoretical and methodological findings will appeal to researchers across a wide range of cybersecurity-related disciplines including risk and decision analysis, analytics, technology management, actuarial sciences, behavioural sciences, and economics.The practical findings will help cybersecurity professionals and insurers enhance cybersecurity and cyber insurance, thus benefiting society as a whole. This book grew out of a two-year European Union-funded project under Horizons 2020, called CYBECO (Supporting Cyber Insurance from a Behavioral Choice Perspective).
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Pricing Insurance Risk : Theory and Practice
PRICING INSURANCE RISK A comprehensive framework for measuring, valuing, and managing risk Pricing Insurance Risk: Theory and Practice delivers an accessible and authoritative account of how to determine the premium for a portfolio of non-hedgeable insurance risks and how to allocate it fairly to each portfolio component. The authors synthesize hundreds of academic research papers, bringing to light little-appreciated answers to fundamental questions about the relationships between insurance risk, capital, and premium.They lean on their industry experience throughout to connect the theory to real-world practice, such as assessing the performance of business units, evaluating risk transfer options, and optimizing portfolio mix. Readers will discover: Definitions, classifications, and specifications of riskAn in-depth treatment of classical risk measures and premium calculation principlesProperties of risk measures and their visualizationA logical framework for spectral and coherent risk measuresHow risk measures for capital and pricing are distinct but interactWhy the cost of capital, not capital itself, should be allocatedThe natural allocation method and how it unifies marginal and risk-adjusted probability approachesApplications to reserve risk, reinsurance, asset risk, franchise value, and portfolio optimization Perfect for actuaries working in the non-life or general insurance and reinsurance sectors, Pricing Insurance Risk: Theory and Practice is also an indispensable resource for banking and finance professionals, as well as risk management professionals seeking insight into measuring the value of their efforts to mitigate, transfer, or bear nonsystematic risk.
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Robust Regression Methods for Insurance Risk Classification
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Which risk do you prefer: normal risk or deluxe risk?
I prefer normal risk because it allows for a balance between potential reward and potential loss. Deluxe risk may offer higher potential rewards, but it also comes with a higher likelihood of significant loss. Normal risk allows for a more conservative approach to managing potential risks and rewards, which aligns with my preference for stability and security.
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Is it a big risk to send the package without insurance?
Yes, it is a big risk to send a package without insurance. Without insurance, the sender is taking on the full responsibility for any loss, damage, or theft that may occur during transit. If the package is valuable or contains important items, it is highly recommended to purchase insurance to protect against potential financial loss. Insurance provides peace of mind and financial protection in case something goes wrong during the shipping process.
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Should I take a second risk and risk a second rejection?
Taking a second risk and risking a second rejection can be a difficult decision. It's important to consider the potential benefits of taking the risk, as well as the potential consequences of facing rejection again. If the potential rewards outweigh the potential negative outcomes, and if you believe that the risk is worth taking, then it may be worth considering taking the second risk. However, it's also important to take into account your emotional well-being and to consider whether you are prepared to handle another rejection. Ultimately, the decision to take a second risk is a personal one and should be carefully considered based on your individual circumstances.
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Would you risk it?
As an AI, I do not have the capacity to take risks or make decisions based on emotions or personal preferences. However, I can provide information and analysis to help individuals make informed decisions about whether or not to take risks based on their own circumstances and risk tolerance. Ultimately, the decision to take a risk depends on the potential benefits, the likelihood of success, and the individual's willingness to accept the potential consequences.
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Risk Measures and Insurance Solvency Benchmarks : Fixed-Probability Levels in Renewal Risk Models
Risk Measures and Insurance Solvency Benchmarks: Fixed-Probability Levels in Renewal Risk Models is written for academics and practitioners who are concerned about potential weaknesses of the Solvency II regulatory system.It is also intended for readers who are interested in pure and applied probability, have a taste for classical and asymptotic analysis, and are motivated to delve into rather intensive calculations.The formal prerequisite for this book is a good background in analysis.The desired prerequisite is some degree of probability training, but someone with knowledge of the classical real-variable theory, including asymptotic methods, will also find this book interesting.For those who find the proofs too complicated, it may be reassuring that most results in this book are formulated in rather elementary terms.This book can also be used as reading material for basic courses in risk measures, insurance mathematics, and applied probability.The material of this book was partly used by the author for his courses in several universities in Moscow, Copenhagen University, and in the University of Montreal.Features Requires only minimal mathematical prerequisites in analysis and probability Suitable for researchers and postgraduate students in related fields Could be used as a supplement to courses in risk measures, insurance mathematics and applied probability.
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Risk Management : Concepts and Guidance, Fifth Edition
This new edition of Risk Management: Concepts and Guidance supplies a look at risk in light of current information, yet remains grounded in the history of risk practice.Taking a holistic approach, it examines risk as a blend of environmental, programmatic, and situational concerns.Supplying comprehensive coverage of risk management tools, practices, and protocols, the book presents powerful techniques that can enhance organizational risk identification, assessment, and management—all within the project and program environments.Updated to reflect the Project Management Institute’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition, this edition is an ideal resource for those seeking Project Management Professional and Risk Management Professional certification.Emphasizing greater clarity on risk practice, this edition maintains a focus on the ability to apply "planned clairvoyance" to peer into the future.The book begins by analyzing the various systems that can be used to apply risk management.It provides a fundamental introduction to the basics associated with particular techniques, clarifying the essential concepts of risk and how they apply in projects.The second part of the book presents the specific techniques necessary to successfully implement the systems described in Part I.The text addresses project risk management from the project manager’s perspective.It adopts PMI’s perspective that risk is both a threat and an opportunity, and it acknowledges that any effective risk management practice must look at the potential positive events that may befall a project, as well as the negatives.Providing coverage of the concepts that many project management texts ignore, such as the risk response matrix and risk models, the book includes appendices filled with additional reference materials and supporting details that simplifying some of the most complex aspects of risk management.
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Direct Real Estate Duration Risk, Total Risk and the Residential Mortgage Life Insurance (Rmli)
Chapter 1 compares the direct real estate (DRE) duration Beta estimates with the time-varying Beta regression estimates, for each of the three prime DRE sectors.Except for the prime office sector, both the duration Beta and the time-varying Beta profiles follow the same general trend.The luxury residential sector and the prime office sector are inclined to move in opposite direction.However, the prime office sector shows greater volatility in the duration Beta compared with the time-varying Beta. Chapter 2 demonstrates overall that in the presence of a set of limited available information comprising a direct real estate (DRE) asset's passing (annual) rent, the current rental value, the expected yields and the yield-growth movements from a DRE sector analysis, conducted by a DRE consultancy or service provider, the risk-free rate and the lease maturity period; it is readily feasible to model and rigorously estimate several key risk measures and the expected total returns (TRs).Such a model and its estimations can be achieved through an ex-ante integrated DRE risk-measure model, which innovatively combines the bond duration-convexity risk conception, the Beta distribution function, and the DRE equivalent (rental) yield valuation conception. Finally, Chapter 3 looks at the structural and behavioural experience of the prepayment risk for the underlying mortgages of China's rapidly developing residential mortgage life insurance (RMLI) market.A reliable private prepayment dataset for China's commercial center - the city of Shanghai - is deployed.Chapter 3 estimates the relationship between RMLI's underlying mortgage prepayment risk and the observable macroeconomic factors, loan specific factors and borrower specific characteristics.A Cox proportional hazard model is adopted for this purpose. Chapter 4 summarises the book's findings and highlights the contributions and recommendations made
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Reducing Risk in Health and Social Care : Towards Outstanding Teams and Services
The Towards Outstanding series offers essential resources for health and social care services regulated by the Care Quality Commission, built around the 'five questions' that inspectors use (are services safe, effective, caring, responsive and well-led?). Written by a senior CQC inspector, Reducing Risk in Health and Social Care takes a close-up look at the 'are they safe?' aspect of assessment, showing that exceptional safety is about the consistent and effective identification and mitigation of everyday risks for the service type.The CQC has introduced a new approach involving 'quality statements', with a greater focus on risk, and this will be the first book to include the new standards.Drawing on her extensive experience, Terri Salt sets readers on the path towards excellence by sharing examples of what works in other services, best practice, and key aspects of the CQC published guidance.
Price: 35.00 £ | Shipping*: 0.00 £
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Is life a risk?
Life inherently involves risk, as we are constantly faced with uncertainty and the potential for negative outcomes. From making decisions about our careers, relationships, and health, to simply crossing the street, we are always exposed to some level of risk. However, it is important to remember that taking risks can also lead to growth, learning, and new opportunities. Ultimately, how we navigate and manage these risks is what shapes our experiences and defines our lives.
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When does the insurance coverage fail?
Insurance coverage can fail when the policyholder fails to pay their premiums, resulting in a lapse in coverage. Additionally, coverage may fail if the policyholder intentionally provides false information on their application, leading to the policy being voided. Insurance coverage may also fail if the policyholder engages in activities that are specifically excluded from their policy, such as driving under the influence or participating in illegal activities. Finally, coverage may fail if the policyholder fails to fulfill their obligations under the policy, such as not reporting a claim in a timely manner.
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Is there no employment ban for high-risk pregnant women in gerontopsychiatric care?
There is no specific employment ban for high-risk pregnant women in gerontopsychiatric care. However, due to the physical and emotional demands of working in gerontopsychiatric care, it is important for pregnant women to discuss their condition with their healthcare provider and employer to ensure their safety and well-being. Employers may need to make accommodations for pregnant employees, such as adjusting work schedules or duties, to ensure a safe and healthy work environment. Ultimately, the decision about whether a high-risk pregnant woman can continue working in gerontopsychiatric care will depend on her individual circumstances and the recommendations of her healthcare provider.
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What does the quote "The biggest risk is not taking any risk" mean?
The quote "The biggest risk is not taking any risk" means that inaction and playing it safe can be the riskiest choice of all. By avoiding risks and staying within one's comfort zone, one may miss out on opportunities for growth, success, and new experiences. Taking calculated risks and stepping outside of one's comfort zone can lead to personal and professional development, and ultimately, greater rewards.
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