Class Agenda 020111

Class Agenda 020111 - Class Agenda Class February 1, 2011...

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Class Agenda – Class February 1, 2011 1) Discuss risk financing and risk control 2) Show You tube video - one method to die/ vs. zorbing advertising 3) Discuss Loss control/loss prevention a. Discuss sprinklers b. Fire proof doors c. Sandbags d. Turn off electricity e. Back braces 4) Discuss Enterprise risk management: reputational, strategic,compliance 5) Go over basic steps of risk management process a. The Risk Management Process 1. Determination of objectives 2. Identification of risks – go through available data 3. Evaluation of risks – critical, important, unimportant 4. Consideration of alternatives - selection of the tool – consider the information, company etc. 5. Implementing the decision 6. Evaluation and review 3) Loss Control/Loss Prevention Class Exercise Chapter 3 – Risk and Insurance Elements of Insurable Risk Large numbers – to be able to predict Loss must be able to be define and measurable (loss dollars) Loss must be accidental Loss must not be catastrophic
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This note was uploaded on 04/01/2012 for the course 06F 102 taught by Professor Donnal.pearcy during the Spring '11 term at University of Iowa.

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Class Agenda 020111 - Class Agenda Class February 1, 2011...

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