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1- Discuss the objectives of risk management before and after a loss occurs ? 2- Discuss...

1- Discuss the objectives of risk management before and after a loss occurs ?

2- Discuss the underwriting cycle including "hard" and "soft" markets. ?

3- Compare rate making (the pricing of insurance) to pricing of other products ?

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Answer #1

Risk management may be defined as the analysis, identification and threaten to the enterprise.

The objectives of risk management are

1. Protecting employees from accidents that may result in accident of sudden injury.

After loss the following Objectives matter:-

a. Proper utilization of resources.

b Due attention given to the management system.

c. Maintaining good relationship with public, employees and society.

Answer 2.

Answer 3.

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