RSK3701 Risk Financing and Short Term Insurance

Study Unit 01 Define and explain - Risk: Risk is the uncertainty of loss. Unfavourable deviation from the expected. Define Risk Management: A means of removing some or all of the uncertainty Differentiate between : Pure / Event Risk Speculative Risk There is either a Loss or No Loss Taken out in the hope of some gain. Particular risk: Affects only you of your family, not society as a whole. Break in. Fundamental risk: Affects society as a whole. War. Earthquake. Risk Management Control ...

CONTENTS MAY/JUNE 2016………………………………………………3 OCT/NOV 2016………………………………………………..31 MAY/JUNE 2016………………………………………………3 OCT/NOV 2016………………………………………………..31 3 RSK 3701 Nov 2015 SECTION A: MULTIPLE CHOICE QUESTIONS 1.2 2.2 3.2 4.1 5.2 6.2 7.4 8.3 9.2 10.4 11.4 12.1 13.1 14.3 15.4 16.4 17.1 18.1 19.3 20.4 4 Calculations Question 20 ...

Study Unit 01 Define and explain - Risk: Risk is the uncertainty of loss. Unfavourable deviation from the expected. Define Risk Management: A means of removing some or all of the uncertainty Differentiate between : Pure / Event Risk Speculative Risk There is either a Loss or No Loss Taken out in the hope of some gain. Particular risk: Affects only you of your family, not society as a whole. Break in. Fundamental risk: Affects society as a whole. War. Earthquake. Risk Management Control ...

RSK 3701 Nov 2015 SECTION A: MULTIPLE CHOICE 1.2, 2.2, 3.2, 4.1, 5.2, 6.2, 7.4, 8.3, 9.2,10.4, 11.4, 12.1, 13.1, 14.3, 15.4, 16.4, 17.1, 18.1, 19.3, 20.4 RSK3701 STUDY PACK 2021. Page | 1 Calculations Question 20 Quota share In terms of a quota share treaty, the reinsurer is bound to accept a fixed proportion of every risk. The risk is shared on a proportional basis between the cadent and reinsurer. The share of the different parties involved in the government is expressed as a perce...