March 2016
Intermediate to advanced
700 pages
144h 54m
English
The principles of corporate risk management are also applicable to a personal risk management program. Personal risk management refers to the identification and analysis of pure risks faced by an individual or family, and to the selection and implementation of the most appropriate technique(s) for treating such risks. Personal risk management considers other methods for handling risk in addition to insurance.
A personal risk management program involves four steps: (1) identify loss exposures, (2) measure and analyze the loss exposures, (3) select appropriate techniques for treating the loss exposures, and (4) implement and review the risk management program periodically.
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