Risk Management for Enterprises and Individuals

Abstract

Every chapter begins with an introduction and a links section to highlight the relationships between various concepts and components of risk and risk management, so that students know how the pieces fit together. This feature is to ensure the holistic aspects of risk management are always upfront. While many solutions are insurance solutions, the main objective of this textbook is to ensure the student realizes the fact that insurance is a risk management solution. As such there are details explaining insurance in many chapters—from the nature of insurance in Chapter 6 "The Insurance Solution and Institutions", to insurance operations and markets in Chapter 7 "Insurance Operations" and Chapter 8 "Insurance Markets and Regulation", to specifics of insurance contracts and insurance coverage throughout the whole text.