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FINC 351 Risk Management

Question

Answered

Task:

Question 1

What is the relationship between uncertainty and risk?

Question 2 

What was the cause of AIG’s past problems? Explain in the context of assets and liabilities.

Question 3 

Utility theory is a preference-based approach that provides a rank ordering of choices. Explain this statement.

Question 4 

If an insurance company invests in the stock market, what type of instrument would the insurer use to mitigate the risk of stock price fluctuations?

Question 5 

What are the various types of insurance companies?

Question 6  

Hurricane Iniki in 1992 caused extensive damage to one of the Hawaiian Islands. A significant loss in tourist activity resulted. Assume the Kooey Hotel experienced $500,000 in damage to its property. Furthermore, assume Kooey typically brought in $100,000 of revenue per month, on which it incurred $80,000 of fixed and variable expenses. For two months following Iniki, the Kooey Hotel was shut down, but still incurred expenses of $50,000. The hotel spent $15,000 more than usual on advertising before reopening. Based on this information, what would be the insurable consequential losses of the Kooey Hotel from Hurricane Iniki? What can be done to reduce those losses?

Question 7  

Define the terms loss prevention and loss reduction. Provide examples of each.

Question 8 

What are risk-based capital requirements, and what is their purpose?

 

Question 9 

How does e-risk fit into the categories of risk?

Question 10  

What is a variable life insurance policy

Question 11 

A study of data losses incurred by companies due to hackers penetrating the internet security of the firm found that 60% of the firms in the industry studied had experienced security breaches and that the average loss per security breach was $15,000. What is the probability that a firm will not have a security breach?

Question 12  

A physician or surgeon may become liable for damages on the basis of contract or negligence. Why is the latter more common than the former? What does your answer to this question tell you about managing your liability risks?

Question 13 

Lorenzo, a construction worker, was hit by a car while working alongside a busy highway. His average weekly wage before the accident was $500. The state he lives in provides workers’ compensation benefits at a replacement ratio of 66.7 percent, with a maximum benefit of $400 a week. If Lorenzo is temporarily and totally disabled for twelve weeks, how much compensation can he expect to receive?

FINC 351 Risk Management

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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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EG4013 Asset Management Maintenance and Reliability

Task: 1. Maintenance Data Analytics (14%) You are assigned the task to review the maintenance effectiveness for four boilers operating at multiple locations of a local industry. Specifications and functions of the boilers are as follows. Only this boiler is operated throughout the year. Boilers ...

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Private Sale

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