TAILIEUCHUNG - Lecture Risk management and insurance - Lecture No 2: Risk in Our Society (Continued)

In this chapter, the learning objectives are: Different definitions of risk, chance of loss, peril and hazard, classification of risk, major personal risks and commercial risks, burden of risk on society, techniques for managing risk. | Risk in Our Society (Continued) Lecture No. 2 1 Objectives Different Definitions of Risk Chance of Loss Peril and Hazard Classification of Risk Major Personal Risks and Commercial Risks Burden of Risk on Society Techniques for Managing Risk 2 Different Definitions of Risk Risk: Uncertainty concerning the occurrence of a loss Loss Exposure: Any situation or circumstance in which a loss is possible, regardless of whether a loss occurs. Objective Risk vs. Subjective Risk Objective risk is defined as the relative variation of actual loss from expected loss It can be statistically calculated using a measure of dispersion, such as the standard deviation Subjective risk is defined as uncertainty based on a person’s mental condition or state of mind Two persons in the same situation may have different perceptions of risk High subjective risk often results in conservative behavior 3 Transparency Master Chance of Loss Chance of loss: The probability that an event will occur Objective .

• Tài chính doanh nghiệp
• Risk management
• Lecture Risk management
• Financial institutions
• Classification of risk
• Risk on society
• Techniques for managing risk
• Benefits of risk management
• Risk management process
• Valuation and Risk Models book 4
• Financial Risk Management
• Risk Management Lecture
• Foundations of Risk Management
• Risk defining risk
• Financial Markets and Products
• Valuation and Risk Models
• Financial Risk Management FRM book 1
• Enterprise risk management
• Insurance market dynamics
• Financial risk manager
• Financial risk
• Financial manager
• Market risk management
• Credit risk management
• Integrated risk management
• Investment risk management
• Probability distribution
• Application in risk management
• financial and regulatory contexts
• asset and risk management
• underlying theories of asset management
• asset management and risk management
• quản lý tài sản và quản lý rủi ro
• Project management
• Lecture Project management in practice
• Project risk management
• Risk identification
• Risk analysis
• Finance management
• Fundamentals of finance management
• Derivatives and risk management
• Derivative securities
• Fundamentals of risk management
• Using derivatives
• Thesis abstract Banking – Finance
• Improving credit risk management capacity
• Credit risk management capacity
• Risk management capacity at Techcombank
• Risk management capability
• Information technology project management
• Information technology project
• Risk management planning
• Qualitative risk analysis
• Quantitative Analysis book 2
• Financial Markets and Products book 3
• Managing spot risk
• Managing forward risk
• Managing vanilla options risk
• Managing exotic options risk
• Credit risk
• Ideally insurable risk