Principles of Risk Management and Insurance

by
Edition: 9th
Format: Hardcover
Pub. Date: 2005-01-01
Publisher(s): Addison Wesley
List Price: $155.20

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Summary

Rejda is the undisputed market leader among risk management & insurance texts. Known for its proven authorship, attention to detail & technical accuracy, this new edition examines the process of analyzing & planning for both personal & business risks. Principles of Risk Management & Insurance 6e includes new discussions on: * Proposed Privatization of Social Security * Investing Social Security Trust Funds into Common Stocks * The Medicare Crisis * The Future Insolvency of Social Security * Coverage of the Health Insurance Portability & Accountability Act of 1996 * Increased Mergers & Consolidation of Insurers * Redlining * Banks Entering Insurance New Internet Resources at the beginning of each part point students to new sources of insurance information on the web. Boxed Insights continue to show the relationship between concepts & the real world with articles from professional business publications. Mini-Cases at the end of each chapter help students develop analytical & critical reasoning skills. Appendices include insurance planning worksheets, a comprehensive list of U.S. insurance & service organizations, & the most current guide to insurance commissioners. Features * Contains Internet applications & new & improved boxed insights, as well as more charts, graphs & other visuals than previous editions. * Provides thorough discussion of current developments in insurance, complete & current coverage of major areas in risk management & insurance, & blends basic insurance principles with consumer considerations. * We provide you with a solid supplements package & a superior Test Bank, written by Burton T. Beam, a professional exam writer of The American College, a college known for their work drafting questions for the CFA exam.

Table of Contents

Basic Concepts in Risk Management and Insurance
Risk in Our Society Meaning of Risk
Chance of Loss Peril and Hazard Basic Categories of Risk
Types of Pure Risk Burden of Risk on Society Methods of Handling Risk
Insurance and Risk
Definition of Insurance Basic Characteristics of Insurance Requirements of an Insurable Risk
Two Applications: The Risks of Fire and Unemployment Adverse Selection and Insurance
Insurance and Gambling Compared Insurance and Hedging Compared
Types of Insurance Benefits of Insurance to Society Costs of Insurance to Society
Introduction to Risk Management Meaning of Risk
Management Objectives of Risk Management Steps in the Risk
Management Process Identifying Loss Exposures Analyze the Loss
Exposures Select the Appropriate Techniques for Treating the Loss
Exposures Implement and Monitor the Risk Management Program
Benefits of Risk Management Personal Risk Management
Advanced Topics in Risk
Management The Changing Scope of Risk Management Insurance Market Dynamics Loss
Forecasting Financial Analysis in Risk Management
Decision Making Other Risk Management Tools
The Private Insurance Industry
Types of Insurers and Marketing Systems
Overview of Private Insurance in the Financial Services
Industry Types of Private Insurers Agents and Brokers
Types of Marketing Systems Group Insurance Marketing
Insurance Company Operations
Insurance Company Operations Rate Making Underwriting Production
Claims Settlement Reinsurance Alternatives to Traditional Reinsurance Investments
Other Insurance Company Functions
Financial Operations of Insurers Property and Casualty Insurers
Life Insurance Companies Rate Making in Property and Casualty Insurance Rate Making in Life Insurance
Government Regulation of Insurance Reasons for Insurance Regulation Historical Development of Insurance
Regulation Methods for Regulating Insurers What Areas Are Regulated?
State Versus Federal Regulation Current Problems and Issues in Insurance Regulation
Legal Principles in Risk and Insurance
Fundamental Legal Principles Principle of Indemnity
Principle of Insurable Interest
Principle of Subrogation
Principle of Utmost Good Faith Requirements of an Insurance Contract Distinct Legal Characteristics of Insurance Contracts Law and the Insurance Agent
Analysis of Insurance Contracts
Basic Parts of an Insurance Contract Definition of the "Insured" Endorsements and Riders Deductibles Coinsurance Coinsurance in Health
Insurance Other-Insurance Provisions
Life and Health Risks
Life Insurance Premature Death
Financial Impact of Premature Death on Different Types of Families Amount of Life Insurance to Own
Types of Life Insurance Variations of Whole Life Insurance
Other Types of Life Insurance
Life Insurance Contractual Provisions Life
Insurance Contractual Provisions Dividend Options Nonforfeiture Options Settlement Options
Additional Life Insurance Benefits
Buying Life Insurance Determining the Cost of Life Insurance
Rate of Return on Saving Component Taxation of Life Insurance Shopping for Life Insurance
Annuities and Individual Retirement Accounts Individual Annuities
Types of Annuities Taxation of Individual Annuities Individual Retirement Accounts
Individual Health Insurance
Coverages Health-Care Problems in the United States Individual
Table of Contents provided by Publisher. All Rights Reserved.

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