All posts by Vidya Gaur - 57. page

Professional Tax Consultant and Article Writer

What is risk management? : Risk management ensures that an organization identifies and understands the risks to which it is exposed. Risk management also guarantees that the organization creates and implements […]

Benefits to managing risk : Risk management provides a clear and structured approach to identifying risks. Having a clear understanding of all risks allows an organization to measure and prioritize them […]

Role of insurance in Risk Management : Insurance is a valuable risk-financing tool. Few organizations have the reserves or funds necessary to take on the risk themselves and pay the total […]

RISK ANALYSIS : Risk Analysis is the process of identifying, analyzing and communicating the major risks. Risk analysis involves Once risks have been identified, they must then be assessed as […]

Objective Risk : Objective risk is defined as the relative variation of actual loss from expected loss. For example, assume that a fire insurer has 5000 houses insured over a long […]

Static Risks : Static risks are risks connected with losses caused by the irregular action of nature or by the mistakes and misdeeds of human beings. Static risks are the same […]

Dynamic Risk : Dynamic risks are risks associated with a changing economy. Important examples of dynamic risks include the changing tastes of consumers, technological change, new methods of production, and investments […]

Financial and Non-financial Risks : A financial risk is one where the outcome can be measured in monetary terms. This is easy to see in the case of material damage to […]

BASIC CATEGORIES OF RISK : With regards insurability, there are basically two categories of risks; 1. Speculative or dynamic risk; and 2. Pure or static risk Speculative or Dynamic Risk  […]

Fundamental Risks and Particular Risks : Fundamental risks affect the entire economy or large numbers of people or groups within the economy. Examples of fundamental risks are high inflation, unemployment, war, […]