Fina 4358 module 1 quiz - Study guides, Class notes & Summaries

FINA 4358 MODULE 1 QUIZ (FINA4358MODULE1QUIZ)

FINA 4358 MODULE 1 QUIZCommercial Property Insurance Homework Questions Module 1 1. One of the steps in the “risk management process” is ‘analyzing exposures. What does this step entail? The ‘analyzing exposures’ step in the “risk management process” entails estimating the significance of possible losses identified in the ‘identifying loss exposure’ step. There are four dimensions of analyzing exposures: - Loss frequency: number of losses within a time period - Loss...

FINA 4358 MODULE 1 QUIZ Commercial Property Insurance Homework Questions.

FINA 4358 MODULE 1 QUIZ

FINA 4358 MODULE 1 QUIZ

FINA 4358 MODULE 1 QUIZ

FINA 4358 MODULE 1 QUIZ Commercial Property Insurance Homework Questions Module 1 1. One of the steps in the “risk management process” is ‘analyzing exposures. What does this step entail? 2. One of the “Risk Management Techniques is “retention”. What does this step refer to? 3. Explain the major difficulty in using the Balance Sheet as a source for insurable property values. Balance sheet value reflects depreciation - nothing to do with the amount of insurance yo...