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RMI 2101 Bundled Exams Questions and Answers Latest Versions (2024/2025) (Complete and Accurate)
RMI 2101 Bundled Exams Questions and Answers Latest Versions (2024/2025) (Complete and Accurate)
[Show more]RMI 2101 Bundled Exams Questions and Answers Latest Versions (2024/2025) (Complete and Accurate)
[Show more]RMI 2101 Exam 3 Latest Update 
 
Graded A+ 
 
Insurance Supply Insurers are willing to sell insurance at a particular price. 
 
Pi Price of insurance 
 
Pi = P* + Risk Charge + Loading 
 
Pmax the most an individual will pay for insurance for a particular risk. 
 
Risks are insurarable if.. Pi < ...
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Add to cartRMI 2101 Exam 3 Latest Update 
 
Graded A+ 
 
Insurance Supply Insurers are willing to sell insurance at a particular price. 
 
Pi Price of insurance 
 
Pi = P* + Risk Charge + Loading 
 
Pmax the most an individual will pay for insurance for a particular risk. 
 
Risks are insurarable if.. Pi < ...
RMI 2101 topic 1 Latest 2024 Graded A+ 
 
Pure Risk A risk where there is a loss or no loss 
 
Speculative Risk A risk where there is a loss, gain or neither 
 
Static Risk Risk where it does not really change significantly over time (ex: nature disaster ) 
 
Dynamic Risk A risk that is new, emergin...
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Add to cartRMI 2101 topic 1 Latest 2024 Graded A+ 
 
Pure Risk A risk where there is a loss or no loss 
 
Speculative Risk A risk where there is a loss, gain or neither 
 
Static Risk Risk where it does not really change significantly over time (ex: nature disaster ) 
 
Dynamic Risk A risk that is new, emergin...
RMI 2101 Topic 10 Latest Update 
 
Graded A+ 
 
Employee Benefits Any type of compensation other than direct current salary or wages 
 
Reasons why firms offer employee benefits -Attract and retain capable employees 
-Tax advantages 
-Productivity and better employee relations 
-Employer can take ad...
Preview 1 out of 3 pages
Add to cartRMI 2101 Topic 10 Latest Update 
 
Graded A+ 
 
Employee Benefits Any type of compensation other than direct current salary or wages 
 
Reasons why firms offer employee benefits -Attract and retain capable employees 
-Tax advantages 
-Productivity and better employee relations 
-Employer can take ad...
RMI 2101 Exam 1 (Temple University) 
 
Already Graded A 
 
Risk is the uncertainty about future losses or outcomes 
 
Probability likelihood that an outcome or event will occur 
 
Pure Risk is a chance of loss or no loss but no chance for gain; always undesirable 
 
Good Example of Pure Risk? You ow...
Preview 2 out of 13 pages
Add to cartRMI 2101 Exam 1 (Temple University) 
 
Already Graded A 
 
Risk is the uncertainty about future losses or outcomes 
 
Probability likelihood that an outcome or event will occur 
 
Pure Risk is a chance of loss or no loss but no chance for gain; always undesirable 
 
Good Example of Pure Risk? You ow...
RMI 2101 Exam 2 Questions and 
Answers Already Passed 
 
What are risk transfers of the financing type? (6) Involves the transfer of risk through 
insurance or non-insurance techniques to shift the financial responsibility of a loss to another 
party. The activity or asset is still exposed to loss. ...
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Add to cartRMI 2101 Exam 2 Questions and 
Answers Already Passed 
 
What are risk transfers of the financing type? (6) Involves the transfer of risk through 
insurance or non-insurance techniques to shift the financial responsibility of a loss to another 
party. The activity or asset is still exposed to loss. ...
RMI 2101 Exam 1 Latest Version 
 
Graded A+ 
 
Risk Uncertainty about future losses 
 
No uncertainty= no risk 
 
Probablilty of a loss -Likelihood of a loss 
- Range from 0-1 or 0% to 100% 
 
Common Elements of pure risk and speculative risk _Involve uncertainty 
 
Differences in Pure and Speculati...
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Add to cartRMI 2101 Exam 1 Latest Version 
 
Graded A+ 
 
Risk Uncertainty about future losses 
 
No uncertainty= no risk 
 
Probablilty of a loss -Likelihood of a loss 
- Range from 0-1 or 0% to 100% 
 
Common Elements of pure risk and speculative risk _Involve uncertainty 
 
Differences in Pure and Speculati...
RMI 2101 Topic 6 Latest Version 
 
Graded A+ 
 
Risk Financing deals with sources of funds to pay for external or internal funds 
 
Risk transfers of the financing type seek external sources from third parties to finance loss, 
still have asset or activity exposed to loss 
transfer financial respons...
Preview 2 out of 8 pages
Add to cartRMI 2101 Topic 6 Latest Version 
 
Graded A+ 
 
Risk Financing deals with sources of funds to pay for external or internal funds 
 
Risk transfers of the financing type seek external sources from third parties to finance loss, 
still have asset or activity exposed to loss 
transfer financial respons...
RMI 2101 - Quiz 2 Latest Update 
 
Graded A+ 
 
Handlers of RM before RM Dept. Finance dept - small org 
risk manager - med org 
cro - large org 
 
who coined the term Risk Management? Prof. Wayne Snider of Temple University 
 
STEPS IN THE RM PROCESS 1. Identify the Exposure to Loss*** 
2. Evaluate...
Preview 2 out of 7 pages
Add to cartRMI 2101 - Quiz 2 Latest Update 
 
Graded A+ 
 
Handlers of RM before RM Dept. Finance dept - small org 
risk manager - med org 
cro - large org 
 
who coined the term Risk Management? Prof. Wayne Snider of Temple University 
 
STEPS IN THE RM PROCESS 1. Identify the Exposure to Loss*** 
2. Evaluate...
RMI 2101 Topic 11 with Complete 
 
Solutions 
 
Issues of employer provided healthcare benefits High cost of health care 
-High cost of inflation compared to overall rate of inflation 
-High premiums for employers 
-High costs for governments 
High % of uninsured or underinsured patients 
-Access pr...
Preview 1 out of 4 pages
Add to cartRMI 2101 Topic 11 with Complete 
 
Solutions 
 
Issues of employer provided healthcare benefits High cost of health care 
-High cost of inflation compared to overall rate of inflation 
-High premiums for employers 
-High costs for governments 
High % of uninsured or underinsured patients 
-Access pr...
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