The Risk Management Handbook
The Risk Management Handbook offers readers knowledge of current best practice and cutting-edge insights into new developments within risk management. Risk management is dynamic, with new risks continually being identified and risk techniques being adapted to new challenges. Drawing together leading voices from the major risk management application areas, such as political, supply chain, cybersecurity, ESG and climate change risk, this edited collection showcases best practice in each discipline and provides a comprehensive survey of the field as a whole. This second edition has been updated throughout to reflect the latest developments in the industry. It incorporates content on updated and new standards such as ISO 31000, MOR and ISO 14000. It also offers brand new chapters on ESG risk management, legal risk management, cyber risk management, climate change risk management and financial risk management. Whether you are a risk professional wanting to stay abreast of your field, a student seeking a broad and up-to-date introduction to risk, or a business leader wanting to get to grips with the risks that face your business, this book will provide expert guidance.
Risk Assessment and Management
In an increasingly complex and volatile world, mastering the art of risk assessment and risk management has become paramount. From financial institutions to healthcare organizations, and from startups to multinational corporations, individuals and businesses alike face an array of uncertainties that can make or break their success. This book explores the intricate interplay between risk identification, evaluation, and mitigation. Through a holistic approach, this book equips readers with the tools and strategies needed to embrace uncertainty, transform it into opportunities, and safeguard against potential threats.Inside these pages, you will discover: A comprehensive framework for understanding risk assessment and risk management, including the key principles, methodologies, and best practices employed by industry leaders.- Practical techniques to identify and categorize risks, enabling you to prioritize and allocate resources effectively.- Innovative approaches to risk mitigation, such as risk transfer, risk avoidance, risk acceptance, and risk reduction.- Insights on integrating risk management into your organization's culture, creating a proactive mindset that prepares for the unexpected.- The role of technology, data analytics, and artificial intelligence in enhancing risk assessment and management processes.Whether you are a seasoned risk professional or just beginning your journey into risk management, the book provides a roadmap to navigate the labyrinth of risks that surround us. By leveraging the power of knowledge and embracing uncertainty, you can transform risk from a potential liability into a catalyst for growth and success. Equip yourself with the essential skills and strategies needed to thrive in an unpredictable world.
Averting Disaster Before It Strikes
Some of the major industrial disasters could have been prevented. When the facts of what happened are established, their stories share a common thread: before things spiralled out of control, there were workers at the affected sites who knew that the situation was dangerous, and could become catastrophic unless immediate action was taken. But tragically, nobody dared to tell the decision-makers who could have authorized that action. With no idea of the risks they were taking, the people in charge continued as normal... and disaster struck. Because vital information about risks could not flow freely from the shop floor to the director's office, the crucial decisions were not made in time. This observation has been documented in the following major technological accidents: Challenger space shuttle explosion (USA, 1986); Chernobyl nuclear plant disaster (USSR, 1986); Deepwater Horizon oil spill (USA, 2010); Fukushima-1 nuclear power plant disaster (Japan, 2011); and numerous other industrial disasters. After accidents like these, losses and costs for dealing with the consequences are often hundreds -- or even thousands -- of times greater than the finances that would have been required to deal with the risks when they were first recognized.This handbook is about how to transform the way large critical infrastructure companies communicate about safety and technological risks. It aims to support senior managers to get the information they need from their subordinates concerning the risks they are facing, in order to prevent accidents before it is too late.The recommendations in this handbook are based on interviews with 100 executives at various levels, working in 65 critical infrastructure companies around the world, in power, oil and gas, metals, chemicals and petrochemicals, mining and other industries.The recommendations of these leaders were also tested in the pilot project, in an industrial company which is the world leader in its sector. More than 400 managers at various levels of the corporate hierarchy, and employees at several of the company's industrial plants, took part in the project.This open access handbook is written for the owners, senior managers, and industrial safety directors of critical infrastructure companies.
Averting Disaster Before It Strikes
Some of the major industrial disasters could have been prevented. When the facts of what happened are established, their stories share a common thread: before things spiralled out of control, there were workers at the affected sites who knew that the situation was dangerous, and could become catastrophic unless immediate action was taken. But tragically, nobody dared to tell the decision-makers who could have authorized that action. With no idea of the risks they were taking, the people in charge continued as normal... and disaster struck. Because vital information about risks could not flow freely from the shop floor to the director's office, the crucial decisions were not made in time. This observation has been documented in the following major technological accidents: Challenger space shuttle explosion (USA, 1986); Chernobyl nuclear plant disaster (USSR, 1986); Deepwater Horizon oil spill (USA, 2010); Fukushima-1 nuclear power plant disaster (Japan, 2011); and numerous other industrial disasters. After accidents like these, losses and costs for dealing with the consequences are often hundreds -- or even thousands -- of times greater than the finances that would have been required to deal with the risks when they were first recognized.This handbook is about how to transform the way large critical infrastructure companies communicate about safety and technological risks. It aims to support senior managers to get the information they need from their subordinates concerning the risks they are facing, in order to prevent accidents before it is too late.The recommendations in this handbook are based on interviews with 100 executives at various levels, working in 65 critical infrastructure companies around the world, in power, oil and gas, metals, chemicals and petrochemicals, mining and other industries.The recommendations of these leaders were also tested in the pilot project, in an industrial company which is the world leader in its sector. More than 400 managers at various levels of the corporate hierarchy, and employees at several of the company's industrial plants, took part in the project.This open access handbook is written for the owners, senior managers, and industrial safety directors of critical infrastructure companies.
Political Risk Intelligence for Business Operations in Complex Environments
Macro-level dynamics and modelling are well represented in the mainstream political risk literature. However, not many writings on the subject get their hands dirty in terms of revealing the hard, nuanced and practical work behind knowing what the issues might be for a specific foreign operation in a sensitive or volatile context, and how to plan for them.Political Risk Intelligence for Business Operations in Complex Environments provides international managers, and by extension their organisations, with a foundational understanding of political risk analysis and planning for on-the-ground operations in challenging times and places. This means having a fluid grasp of what political risk means and why it matters in the organisation's context, and how relevant intelligence can be gathered and analysed to inform decisions and planning towards an operation's socio-political resilience.The book explains: How and why political risk manifests and the forms it can take Company attitudes and operational attributes as a political risk variable Understanding the operational implications of socio-political dynamics and trends Stakeholder identification and analysis for informed engagement planning Scenario analysis to prepare for long-term contingencies and discontinuities Holistic, intelligence-driven political risk management planning Tactical intelligence exercises to maintain awareness and inform adaptation Intelligence management, collection and quality control Ethical considerations in political risk management Rather than being bound by conventional notions of risk, the book emphasises the dynamic relationship between a foreign operation and its host environment and milieu as a source of both challenges and opportunities to manage them. Concepts, frameworks and practices are rounded out with real-world examples and relevant lessons from the author's experience as a political risk consultant.
Insurance
Sometimes people go into sales thinking it will be easy or it's a surefire way to make extra money on the side. It might work for some pyramid sales operations or selling candles and creams; however, becoming a sales professional takes hours of training and discipline. Insurance sales takes an added burden of knowing that you are definitely doing the right thing for the human being relying on your professional opinion to make the appropriate decision among sometimes dozens of options protecting them from losses. Here's just a little of what you'll discover inside: Commercial Insurance 101 - Everything You Need To Know (Even If You're a Complete Beginner)Straightforward Advice That Cuts Through The Mystery and Confusion Behind Insurance BrokeringEssential Negotiating Tips That Will Help You Win More ClientsOrganizational, Technical, and Analytical Strategies Made Easy Bonus Questions at The End of Each Chapter To Test Your Knowledge and Improve Your MemoryAnd Much More!The fundamentals of how risk is measured and financed are shifting rapidly. Additionally millennial are becoming the largest cohort in the workforce and technology startups target insurance, funded by a sea of venture capital flowing into the sector, prod traditional incumbents to innovate or perish.
Risk Management in Crisis
Risk management is a domain of management which comes to the fore in crisis. This book looks at risk management under crisis conditions in the COVID-19 pandemic context. The book synthesizes existing concepts, strategies, approaches and methods of risk management and provides the results of empirical research on risk and risk management during the COVID-19 pandemic. The research outcome was based on the authors' study on 42 enterprises of different sizes in various sectors, and these firms have either been negatively affected by COVID-19 or have thrived successfully under the new conditions of conducting business activities. The analysis looks at both the impact of the COVID-19 pandemic on the selected enterprises and the risk management measures these enterprises had taken in response to the emerging global trends. The book puts together key factors which could have determined the enterprises' failures and successes. The final part of the book reflects on how firms can build resilience in challenging times and suggests a model for business resilience. The comparative analysis will provide useful insights into key strategic approaches of risk management.The Open Access version of this book, available at http: //www.taylorfrancis.com/books/oa-mono/10.4324/9781003131366/ has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.
Urban Flood Risk Management
Like so many of the coastal cities in Southeast Asia (and other regions) established during European colonialism, there has been an ongoing challenge for decades dealing with the growing frequency and intensity of flooding. Jakarta's flood problems since the 1990s have been nothing less than monumental and the inability of the local and national governments to mitigate flooding in Jakarta is the most visible manifestation of fundamental water management deficiencies. This book offers a comprehensive and systematic historical assessment of Jakarta's water management practices from the colonial era through the early years of the Indonesian republic and Jakarta's emergence as a sprawling megacity.This book draws upon a vast multidisciplinary literature and a wide array of government documents to unravel the complex history of water management that has led to approximately 40% of the city now lying below sea level.This book will be a useful reference to those who research on topics such as urbanization in Southeast Asia, sustainable development, urban and planning history, environmental planning, issues of water management (and flooding), and the politics of planning and development.
The Faces of Safety
Unveil the power of safety culture in this thought-provoking and inspiring read that challenges the way we think about employee safety. "The Safety Investment" will leave you with a newfound appreciation for the human lives behind the hard hats and remind us all of the immense cost of neglecting their well-being. Direct and challenging, this book poses tough questions to those in management and supervision and reveals the heartbreaking realities of the families affected by workplace tragedy. It's time to face the truth that the pain, suffering, and heartache caused by accidents cannot be described in words. But it's never too late to make a change. Are you, as a CEO, CFO, COO, or executive, ready to lead the way in proactively investing in the safety of your employees? Safety must come before profits, and the reputation of your company depends on it. So, ask yourself, what is a life worth to you? It's time to make a life-changing impact on the safety culture of your workplace. Safety is an investment, not only in your employees but in your company. The choice is yours, what is a life worth, and what are you willing to accept, the consequences are life-changing. Are you ready to accept this challenge?
Modelling Economic Capital
How might one determine if a financial institution is taking risk in a balanced and productive manner? A powerful tool to address this question is economic capital, which is a model-based measure of the amount of equity that an entity must hold to satisfactorily offset its risk-generating activities. This book, with a particular focus on the credit-risk dimension, pragmatically explores real-world economic-capital methodologies and applications. It begins with the thorny practical issues surrounding the construction of an (industrial-strength) credit-risk economic-capital model, defensibly determining its parameters, and ensuring its efficient implementation. It then broadens its gaze to examine various critical applications and extensions of economic capital; these include loan pricing, the computation of loan impairments, and stress testing. Along the way, typically working from first principles, various possible modelling choices and related concepts are examined. The end resultis a useful reference for students and practitioners wishing to learn more about a centrally important financial-management device.
Uncovered
Historically, the insurance industry in America has been fragmented. As a result, there have been debates and conflicts over the proper roles of federal and state governments, business, and the responsibilities of individuals. Who should cover the risks of loss? And to what extent should risk be shared and by whom? In Uncovered, Katherine Hempstead answers these questions by exploring the history of the insurance business and its regulation in the United States from the 1870s through the twentieth century. Specifically, she focuses on the friction between the public demand for insurance and the private imperatives of insurers. Tracing the history of the industry from the early days of life, fire, and casualty insurance to the development of state regulation in the late nineteenth century, Hempstead examines the role that insurers initially played in the largely voluntary social safety net and how this changed over time. After the Great Depression, the federal government assumed a greater role in the provision of insurance, while insurers enthusiastically pursued the growing business of employee benefits. As the twentieth century progressed, insurers and government have become interdependent, with insurers participating in publicly funded markets. As Hempstead shows, periodic crises in life, fire, health, auto, and liability insurance highlighted gaps between the coverage that insurers were willing to provide and what the public demanded. Highlighting how the major part states play in insurance regulation has made it harder to solve important problems, Uncovered fundamentally changes our understanding of the crucial role that insurance has always played in American politics.
Pricing in General Insurance
Based on the syllabus of the actuarial profession courses on general insurance pricing - with additional material inspired by the author's own experience as a practitioner and lecturer - Pricing in General Insurance, Second Edition presents pricing as a formalised process that starts with collecting information about a particular policyholder or risk and ends with a commercially informed rate. The first edition of the book proved very popular among students and practitioners with its pragmatic approach, informal style, and wide-ranging selection of topics, including: Background and context for pricing Process of experience rating, ranging from traditional approaches (burning cost analysis) to more modern approaches (stochastic modelling) Exposure rating for both property and casualty products Specialised techniques for personal lines (e.g., GLMs), reinsurance, and specific products such as credit risk and weather derivatives General-purpose techniques such as credibility, multi-line pricing, and insurance optimisation The second edition is a substantial update on the first edition, including: New chapter on pricing models: their structure, development, calibration, and maintenance New chapter on rate change calculations and the pricing cycle Substantially enhanced treatment of exposure rating, increased limit factors, burning cost analysis Expanded treatment of triangle-free techniques for claim count development Improved treatment of premium building and capital allocation Expanded treatment of machine learning Enriched treatment of rating factor selection, and the inclusion of generalised additive models The book delivers a practical introduction to all aspects of general insurance pricing and is aimed at students of general insurance and actuarial science as well as practitioners in the field. It is complemented by online material, such as spreadsheets which implement the techniques described in the book, solutions to problems, a glossary, and other appendices - increasing the practical value of the book.
Cognitive Risk
Cognitive Risk is a book about the least understood but most pervasive risk to mankind - human decision-making. Cognitive risks are subconscious and unconscious influence factors on human decision-making: heuristics and biases. To understand the scope of cognitive risk, we look at case studies, corporate and organizational failure, and the science that explains why we systemically make errors in judgment and repeat the same errors.The book takes a multidisciplinary and pedestrian stroll through behavioral science with a light touch, using stories to explain why we consistently make cognitive errors that not only increase risks but also simultaneously fail to recognize these errors in ourselves or our organizations. This science has deep roots in organizational behavior, psychology, human factors, cognitive science, and behavioral science all influenced by classic philosophers and enabled through advanced analytics and artificial intelligence. The point of the book is simple. Humans persist with bounded rationality, but as the speed of information, data, money, and life in general accelerates, we will need the right tools to not only keep pace but to survive and thrive.In light of all these factors that complicate risk, the book offers a foundational solution. A cognitive risk framework for enterprise risk management and cyber security. There are five pillars in a cognitive risk framework with five levels of maturity, yet there is no universally prescribed maturity level. It is more a journey of different paths. Each organization will pursue its own path, but the goal is the same - to minimize the errors that could have been avoided. We explain why risks are hard to discuss and why we systematically ignore the aggregation of these risks hidden in collective decision-making in an organization.The cognitive risk framework is a framework designed to explore the two most complex risks organizations face: uncertainty and decision-making under uncertainty. The first pillar is cognitive governance, which is a structured approach for institutionalizing rational decision-making across the enterprise. Each pillar is complimentary and builds on the next in a succession of continuous learning. There is no endpoint because the pillars evolve with technology. Enterprise risk is a team effort in risk intelligence grounded in a framework for good decision-making. We close with a call to become designers of risk solutions enabled by the right technology and nurtured by collaboration.We hope you enjoy the book with this context.
Cognitive Risk
Cognitive Risk is a book about the least understood but most pervasive risk to mankind - human decision-making. Cognitive risks are subconscious and unconscious influence factors on human decision-making: heuristics and biases. To understand the scope of cognitive risk, we look at case studies, corporate and organizational failure, and the science that explains why we systemically make errors in judgment and repeat the same errors. The book takes a multidisciplinary and pedestrian stroll through behavioral science with a light touch, using stories to explain why we consistently make cognitive errors that not only increase risks but also simultaneously fail to recognize these errors in ourselves or our organizations. This science has deep roots in organizational behavior, psychology, human factors, cognitive science, and behavioral science all influenced by classic philosophers and enabled through advanced analytics and artificial intelligence. The point of the book is simple. Humans persist with bounded rationality, but as the speed of information, data, money, and life in general accelerates, we will need the right tools to not only keep pace but to survive and thrive. In light of all these factors that complicate risk, the book offers a foundational solution. A cognitive risk framework for enterprise risk management and cyber security. There are five pillars in a cognitive risk framework with five levels of maturity, yet there is no universally prescribed maturity level. It is more a journey of different paths. Each organization will pursue its own path, but the goal is the same - to minimize the errors that could have been avoided. We explain why risks are hard to discuss and why we systematically ignore the aggregation of these risks hidden in collective decision-making in an organization. The cognitive risk framework is a framework designed to explore the two most complex risks organizations face: uncertainty and decision-making under uncertainty. The first pillar is cognitive governance, which is a structured approach for institutionalizing rational decision-making across the enterprise. Each pillar is complimentary and builds on the next in a succession of continuous learning. There is no endpoint because the pillars evolve with technology. Enterprise risk is a team effort in risk intelligence grounded in a framework for good decision-making. We close with a call to become designers of risk solutions enabled by the right technology and nurtured by collaboration. We hope you enjoy the book with this context.
An Intuitive Introduction to Finance and Derivatives
This book gives a self-contained, intuitive overview of some of the most important topics of finance, such as investment risk, market pricing and market efficiency, arbitrage, hedging, and the pricing and application of financial derivatives. It provides a first-principles introduction to the relevant material and concepts, emphasising intuition. Financial terminology, and the understanding implicit therein, is carefully introduced. The books starts with finance in the most general terms, and gradually specialises to investment theory and then derivatives. This book is tailor-made for readers new to finance, such as graduate students entering or interested in finance, or financial practitioners moving to a more quantitative role.
Innovative Insurance
Have you noticed that fix - and flip television shows seem to be on every television in America lately? They're on at banks, hotel lobbies, airports, and even buses. And why have they risen so dramatically in popularity over the last few years? Television has made real estate investing seem like the easiest way to make money. If you can swing a hammer, you can flip a house. Right? Well, it probably goes without saying that it's a lot more complicated than that. Truth is, most real estate investors fail the first time out. Think about it. If every fix-and-flip project went smoothly, it wouldn't make for very interesting television. These investments fail for various reasons, of course, but a substantial portion of them fail when things inevitably go haywire, and the investor is not able to financially recover from the loss. This is the book that every real estate investor wishes they had read before they bought that insurance policy that didn't cover their property adequately. It is the book that could have saved hundreds, thousands, and even millions of dollars for property owners when they were sued for something they didn't realize they could be sued for. It is also the book that those television shows don't tell you about because insurance isn't sexy enough for TV. But "Innovative Insurance" is full of tips, hints, and practical advice that can save you stress and allow you to sleep well at night. Whether you own a hundred rental properties and just need to tweak your policy to make it suit your portfolio best, or you recently inherited your grandparents 1940's cottage, you will find information that can help you navigate the ever-shifting sands of insurance. Topics include: Why we have insurance and what it's supposed to do Types of insurance forms Difference between soft and hard markets Common types of investors and investing goals Appetite for risk Lender requirements and hints for success Factors that affect insurance rates Common terms such as ACV, RC, coinsurance, umbrellas Factors that affect your property deductible choice Exclusions and gaps Liability Special circumstances that affect insurability The goal of this book is to arm readers with the knowledge they need to ask the right questions, make the right decisions, and cover their assets in the best possible way for their unique situation and goals. Sure, maybe insurance isn't sexy, but being made whole after a catastrophe or avoiding a million-dollar lawsuit certainly has its appeal. Wouldn't you agree?
Car Maintenance Log Book
Our fashioned, handy and easy-to-use logbook is perfect to record maintenance procedures, vehicles service, repairs, maintenance tasks and record the number of miles traveled by a vehicle by a certain amount of fuel within a specific period.Why you will love this book: - Simple and organized;- Perfect for the glove compartment, toolbox or seat pocket.- Record on your terms - Quick and Clear contents pages;- Quick & easy to add entries.- Double-sided;- Great size to carry with you; - Section for comments - keep all details more accurateIf you want to save a lot of worries and discomforts at tax time, our log book is perfect for you. Grab your copies today!
10 Medicare Mistakes Financial Advisors Make and How to Avoid Them
As a financial advisor, you play a crucial role in ensuring your clients have the resources they need to make informed decisions about their health and financial well-being. Medicare is a remarkably complex and ever-changing aspect of retirement planning, and it can be easy to fall into common mistakes that could have significant consequences for your clients.That's why I wrote this book - 10 Medicare Mistakes Financial Advisors Make and How to Avoid Them. In it, I'll outline the top 10 mistakes financial advisors make when navigating Medicare and provide actionable steps for avoiding them. Whether you're a seasoned pro or just starting, this book will help you understand the Medicare system and avoid costly missteps that could impact your client's health and financial stability
Financial Economics of Insurance
An authoritative and comprehensive graduate textbook on the modern insurance sector The traditional role of insurers is to insure idiosyncratic risk through products such as life annuities, life insurance, and health insurance. With the decline of private defined benefit plans and government pension plans around the world, insurers are increasingly taking on the role of insuring market risk through minimum return guarantees. Insurers also use more complex capital management tools such as derivatives, off-balance-sheet reinsurance, and securities lending. Financial Economics of Insurance provides a unified framework to study the impact of financial and regulatory frictions as well as imperfect competition on all insurer decisions. The book covers all facets of the modern insurance sector, guiding readers through its complexities with empirical facts, institutional details, and quantitative modeling.An up-to-date textbook for graduate students in economics, finance, and insuranceCovers a broad range of topics, including insurance pricing, contract design, reinsurance, portfolio choice, and risk managementProvides promising new directions for future researchCan be taught in courses on asset pricing, corporate finance, industrial organization, and public economicsAn invaluable resource for policymakers seeking an empirical and institutional account of today's insurance sector
Data-Centric ERM
You know what is most interesting about very large businesses and very sophisticated organizations; they are full of brilliant people, but COMMON SENSE ISN'T VERY COMMON!! Every major organization that I am aware of is using subjectivity and guesswork to operate their ERM environments.When it comes to the subject matter of ERM the only thing that makes any sense at all is that it must be DATA-CENTRIC! In this day and age DATA DRIVES EVERYTHING, EXCEPT ERM! This book is the definitive guideline and the how-to manual on building a Data-Centric ERM environment!!You will learn a proprietary and totally business-centric method of efficiently and effectively analyzing risk throughout the entire Enterprise. This methodology will provide you with the most logical and easily understandable method of putting ERM in place in any size organization. This book centers you on the key anchor points of all risk assessment, which are, what is critical to your particular organization. The only ERM environments that are worthwhile at all are those that are custom made for the organization. This book will show you how to do that. Generic doesn't get it in ERM.In this book you will learn how to evaluate and effectively manage those risks that go to the core of your organization or business; the ones that if not managed will stop or seriously inhibit your ability to operate.Think about it honestly and answer this question. How many things in your own personal life do you really guess about? The answer is virtually 0! You don't guess what time a plane is going to leave for and arrive in Singapore for your super critical meeting. You don't guess about what hotel is closest to the site of that critical meeting. You don't guess about the location and room of the building in which that critical meeting is being held. And, you don't guess about which direction you should be going, or how long the taxi ride is from where you are to where you need to be for that critical meeting. You use data and proven information for every one of those things just mentioned. So why in the world are major organizations guessing when it comes to the most critical thing that they must do every day that they operate, which is effectively manage the risks of the organization? THIS SHOULD BE the ERM handbook for the CEO and every member of the BOD!It is time to apply common sense, logic, data and proven information to the science of ERM and every aspect of it. If this is not done, the parties responsible for ERM in your organization are your biggest risk! They are doing you more harm than they are doing you good. This book will tell you exactly what you need to do to be the BEST that you can possibly be in ERM! To not read this book and immediately start working toward implementing what it tells you to do is the biggest risk you can possibly take!If you are an educator and you are not using this as your textbook in the fields of ERM and Data Analytics, when all of the major accreditation organizations are making it mandatory to teach data analytics, you are taking a terrible risk!If you are a student in any field of study, but particularly a business or management related field of study and you have not read this book you are your own worst enemy relative to preparing yourself for where the future is already going.IT IS CRYSTAL CLEAR! DATA and THE COMMON SENSE TO APPLY IT LOGICALLY to the subject matter of ERM IS THE FUTURE! DON'T FORGET IT OR YOU WILL REGRET IT!
Data-Centric ERM
You know what is most interesting about very large businesses and very sophisticated organizations; they are full of brilliant people, but COMMON SENSE ISN'T VERY COMMON!! Every major organization that I am aware of is using subjectivity and guesswork to operate their ERM environments.When it comes to the subject matter of ERM the only thing that makes any sense at all is that it must be DATA-CENTRIC! In this day and age DATA DRIVES EVERYTHING, EXCEPT ERM! This book is the definitive guideline and the how-to manual on building a Data-Centric ERM environment!!You will learn a proprietary and totally business-centric method of efficiently and effectively analyzing risk throughout the entire Enterprise. This methodology will provide you with the most logical and easily understandable method of putting ERM in place in any size organization. This book centers you on the key anchor points of all risk assessment, which are, what is critical to your particular organization. The only ERM environments that are worthwhile at all are those that are custom made for the organization. This book will show you how to do that. Generic doesn't get it in ERM.In this book you will learn how to evaluate and effectively manage those risks that go to the core of your organization or business; the ones that if not managed will stop or seriously inhibit your ability to operate.Think about it honestly and answer this question. How many things in your own personal life do you really guess about? The answer is virtually 0! You don't guess what time a plane is going to leave for and arrive in Singapore for your super critical meeting. You don't guess about what hotel is closest to the site of that critical meeting. You don't guess about the location and room of the building in which that critical meeting is being held. And, you don't guess about which direction you should be going, or how long the taxi ride is from where you are to where you need to be for that critical meeting. You use data and proven information for every one of those things just mentioned. So why in the world are major organizations guessing when it comes to the most critical thing that they must do every day that they operate, which is effectively manage the risks of the organization? THIS SHOULD BE the ERM handbook for the CEO and every member of the BOD!It is time to apply common sense, logic, data and proven information to the science of ERM and every aspect of it. If this is not done, the parties responsible for ERM in your organization are your biggest risk! They are doing you more harm than they are doing you good. This book will tell you exactly what you need to do to be the BEST that you can possibly be in ERM! To not read this book and immediately start working toward implementing what it tells you to do is the biggest risk you can possibly take!If you are an educator and you are not using this as your textbook in the fields of ERM and Data Analytics, when all of the major accreditation organizations are making it mandatory to teach data analytics, you are taking a terrible risk!If you are a student in any field of study, but particularly a business or management related field of study and you have not read this book you are your own worst enemy relative to preparing yourself for where the future is already going.IT IS CRYSTAL CLEAR! DATA and THE COMMON SENSE TO APPLY IT LOGICALLY to the subject matter of ERM IS THE FUTURE! DON'T FORGET IT OR YOU WILL REGRET IT!
Disability Insurance for Physicians
A young physician's most important asset isn't an investment or real estate portfolio-it's the ability to earn a good income performing your specialty. Potentially eight figures, this asset needs insurance. But insurance that truly protects your income and safeguards your quality of life isn't easy to find. In Disability Insurance for Physicians, disability insurance broker and expert Billy Gwaltney provides a comprehensive guide for protecting your most vital asset. By using a simple, straightforward approach, Billy reveals the steps that matter and key points to remember when buying private, specialty own-occupation disability insurance. With valuable examples and time-saving strategies, Disability Insurance for Physicians is the resource you've been looking for to answer questions, point you in the right direction, and provide peace of mind to focus on what you do best.
Disability Insurance for Physicians
A young physician's most important asset isn't an investment or real estate portfolio-it's the ability to earn a good income performing your specialty. Potentially eight figures, this asset needs insurance. But insurance that truly protects your income and safeguards your quality of life isn't easy to find. In Disability Insurance for Physicians, disability insurance broker and expert Billy Gwaltney provides a comprehensive guide for protecting your most vital asset. By using a simple, straightforward approach, Billy reveals the steps that matter and key points to remember when buying private, specialty own-occupation disability insurance. With valuable examples and time-saving strategies, Disability Insurance for Physicians is the resource you've been looking for to answer questions, point you in the right direction, and provide peace of mind to focus on what you do best.
Effectiveness of Enterprise Risk Management
Effective risk management is a crucial part of the success of any organization. In scholarly research, numerous publications have been written on the design of complex enterprise risk management systems, however very little consideration has been given to the effectiveness of implemented management solutions. This book seeks to fill this important gap. Based on a study featuring a representative group of 722 companies, the author presents the various determinants of risk management effectiveness, including behavioural determinants (such as attitude to risk) as well as internal and external determinants (such as human and financial resources and the environment in which the organization operates). Along with a theoretical and practical overview of the various considerations from an international perspective, the reader will gain an insight into the implications for practice. Ultimately, this book formulates conclusions and recommendations for the improvement of tools and systems of enterprise risk management.
The Ten Commandments of Risk Leadership
We as humans are prone to a variety of wired-in cognitive mistakes in the way we interpret and react to risk-related information. This is highly consequential since the cognitive biases managers are exposed to in their day-to-day business erode the objectivity of their risk-related decisions, which ultimately hurts the financial well-being of their firms. This book seeks to develop risk literacy as a leadership skill. It helps managers develop the skills to improve managerial decision-making in regards to managing risk.The last decades have offered various insights into how human nature often gets in the way of rational decision-making. This book is a valuable resource for insurance executives, chief risk officers, company leaders, and graduate students of risk management and risk psychology. It is the first behavioral risk management guide for managers and other interested readers - using examples from economic theory, behavioral finance, and game theory, it studies the hiddenforces that drive our decision-making processes under risk.
Retirement Planning
Are you lost when it comes to planning for retirement? Not sure where to start? Has everyone given you their opinion? Are you overwhelmed with any and every type of retirement plan out there?The honest truth is that not all retirement plans are made equal. There aren't one-sized fits all approach to retirement planning. Most planners treat it like a fast food restaurant and give their customers the same thing. But it's just not that simple. This book will help you understand more about retirement planning and processes involved. Here, you will find out: The importance of retirement planningHow much money you will need for retirementWhere your money will come fromBuilding a retirement nest egg!Asset allocation and diversificationActive vs Passive Investment managementTroubleshooting and catching upYour about to discover how to prepare for your Retirement and more with Retirement Planning: The Ultimate Guide to being prepared for your Retirement!You won't find your usual and boring old tips you've heard millions of times before. This guide is full of up-to date information, hot of the press and will help you reach goal of an easy stress-free retirement!
The Routledge Companion to Risk, Crisis and Emergency Management
This volume provides a comprehensive, up-to-date overview of the latest management and organizational research related to risk, crisis, and emergency management. It is the first volume to present these separate, but related, disciplines together. Combined with a distinctly social and organizational science approach to the topics (as opposed to engineering or financial economics), the research presented here strengthens the intellectual foundations of the discipline while contributing to the development of the field.The Routledge Companion to Risk, Crisis and Emergency Management promises to be a definitive treatise of the discipline today, with contributions from several key academics from around the world. It will prove a valuable reference for students, researchers, and practitioners seeking a broad, integrative view of risk and crisis management.
Zero to hero
STOP wasting your Potential. You are destined for a GREATER LIFE! Yes! ZERO TO HERO is the possibility of every human life. This book will guide you step by step in harnessing your potential and unleashing your Inner HERO no matter how dire the circumstances. Not to be missed in this book: ✔️ The Secret Hero Mind Hacks ✔️ Balancing the 3 Fs that make life worthwhile ✔️ Winning over the 3 Cs that distract you from becoming a Hero ✔️ The 5 Golden rules for living the best life possible Dr.Rakesh Arya is a scheduling Scientist with over 35 years of extensive work experience. A B.Com, M.B.A, and a Ph.D. degree holder, he has coached thousands of Industrialists and top Corporate Executives globally. His Training Programs are highly in demand.
A Practical Introduction to Security and Risk Management
A Practical Introduction to Security and Risk Management is the first textbook to combine both security management and risk management. Its concepts and skills can be applied in all domains: business, public administration, public safety, criminology, computing, sports, tourism, agriculture, healthcare, education, intelligence, policing, and international relations. This second edition adds the latest issues from pandemics, lockdowns, wars, crimes, and cyber risks, NEW "Expert Perspectives," NEW "Think about it" boxes, UPDATED "Official Standards," NEW "End-of-Chapter debates," NEW chapter summaries, questions, and exercises, and a glossary of definitions and abbreviations. Consultant and professor Bruce Oliver Newsome Ph.D. helps readers to understand, analyze, assess, and manage security and risks. Organized into 12 brief, accessible chapters, this book shows readers why security and risk management is becoming more important (Chapter 1), how to conceptualize, analyze, and assess security (Chapter 2), capacity (Chapter 3), risk (Chapter 4), hazards, threats, and contributors (Chapter 5), target exposure and vulnerability (Chapter 6), uncertainty and probability (Chapter 7), and events and returns (Chapter 8), how to develop more secure cultures, structures, and processes (Chapter 9), how to establish risk tolerability and sensitivity (Chapter 10), how to strategize and control intolerable risks (Chapter 11), and how to record, communicate, monitor, and audit security and risk management (Chapter 12).
Medicare for You
"The decisions you make when you sign up for Medicare can impact your costs -- and your quality of care -- for the rest of your life. No one gives better advice about Medicare than Diane Omdahl. " -- Terry Savage, Author of The Savage Truth on Money and Nationally Syndicated Financial Columnist Get the most out of Medicare. Get your maximum earned benefits for yourself and your family.Every day, over 10,000 Americans will become eligible for Medicare, but most of us don't even know the basics. When do I enroll? What does it cover? Do I need Part B? You could watch the commercials or reply to direct mail. You could ask your best friend. Or you can take charge of these very important decisions and READ THIS BOOK! Medicare expert Diane J. Omdahl will take you through all the steps to making the right decisions at the right time. Avoid costly mistakes and scams and ensure that Medicare works for you.
Geopolitical Risk, Sustainability and "Cross-Border Spillovers" in Emerging Markets, Volume II
Introduces new risk-based tests for constitutionality of financial mechanisms and innovation mechanismsExplores sustainability issues, economic growth, political stability, financial stability, social networks, and inequality Focuses on geopolitical risk issues that are affected by constitutional political economy issues
Implementation of Casemix System as Prospective Provider Payment Method in Social Health Insurance
The Government of Aceh Province in Indonesia has established the Social Health Insurance (SHI) called Jaminan Kesehatan Aceh (JKA) in 2006 that provide health coverage to all 4.6 million population of the province. Fee-for-service was initially used as the provider payment method in the programme until 2013. In 2014, in line with the National Health Insurance of Indonesia (Jaminan Kesehatan Nasional JKN), INA-CBG (Indonesia Case-Based Group) casemix system was adopted by JKA to replace the Fee-for-Service method. This book presents outcome of the evaluation done using a combination of qualitative and quantitative methods on the implementation of JKA programme. The quantitative study was conducted to assess income of three selected hospitals (Type B, C and D) reimbursed using INA-CBG groups covering more than 17,000 cases. Quantitative data analysis revealed that overall, the hospitals received 32.4% higher income when reimbursed with casemix system (INA-CBG) as compared to fee-for-service. Type D hospital is the biggest gainer with 81.0% increase in income. In conclusion, the use of Casemix (INA-CBG) as a prospective payment method has benefitted the hospitals a lot. It is hope that additional resources gained through this programme will allow the hospitals to provide optimum care to the population.
Best's Analyses
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
War and Insurance
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
War and Insurance
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Organisational Resilience
This book provides a guide to navigating the paradoxical tensions of organisational resilience and presents a framework to aid individuals and businesses to become more open-minded, flexible, and mindful in managing the unexpected. The book offers the reader pragmatic and insightful means to achieve a 'state' of organisational resilience, making use of current research data that shows how managers anticipate and respond to actual and near-miss incidents. Grounded in the day-to-day reality of managers, the goal of this book is to offer a unique theoretical framework as a platform for practical application for the improvement of organisational outcomes. It provides insights into ten key capabilities that enable the reader to set up a successful program of organisational resilience, taking a cross-cutting approach and focusing on implementation while having solid foundations in theory.This is an ideal book for advanced students and executive education courses in risk management, crisis management, and business continuity, as well as thoughtful practitioners.
6 Secrets of Selling 100 CR (1 Billion) Insurance to HNIs with Ease
The Book reveals Six Golden Secrets of selling high value insurance to HNIs with ease as taught in Top Business Schools of the World.In this book, the Author narrates his years of experience dealing with HNIs, decodes their deep-rooted secret desires and then finally, work out methods to present them offers that are truly "Irresistible, Difficult to ignore or to put them aside." The book talks about the various ways you can sell insurance worth Rs. 100.00 cr. (
Best’s Analyses
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Climate Change Enterprise Risk Management
Develop and execute a resilient climate change enterprise risk strategy that can be tailored to any organization with this essential guide for risk professionals and business leaders. Climate Change Enterprise Risk Management equips readers with a practical roadmap for how organizations can integrate climate change into their enterprise risk strategy. It offers guidance on how to secure a robust framework that can identify and manage climate threats and opportunities for a business, how to increase the visibility of climate risk management activities at board level, and how and when to implement techniques such as thresholds, mitigation strategies, monitoring capabilities and risk appetite metrics. The book covers both existing best practice risk management tools and how they can be adapted for climate enterprise risk management as well as new interdisciplinary tools like stakeholder mapping. Climate Change Enterprise Risk Management is richly supported by global examples, interviews and case studies representing a wide range of companies and industries including the insurance, finance, infrastructure, oil and gas, legal and auditing sectors. This is a must-read for all risk professionals and business leaders involved in developing and executing enterprise risk management and strategy. It will also be valuable reading for students taking modules on enterprise risk management and climate change, sustainable business and risk management.
The Business of Insurance
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
The Business of Insurance
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Pet Health Insurance
What's missing in most books about pet insurance is a veterinarian's perspective. This is important because veterinarians diagnose and treat the problems that pet insurance policyholders end up filing claims for. Dr. Kenney spent over 42 years in small animal practice as well as over a decade writing and podcasting about the pet insurance industry. Therefore, he is able to make you aware of what needs to be covered in a pet insurance policy as well as other factors to consider that most pet insurance books or websites don't even address. You'll learn the # 1 reason claims are denied and the steps you can take to minimize the chances of this happening to you. You'll learn who ought to consider buying pet insurance vs. those who may not benefit from insuring their pet. The book contains links to bonus content (articles, audio and video clips) that will give the reader a more in-depth understanding of the topics covered in the book. It also has a worksheet to help pet owners formulate a plan for paying for their pet's healthcare expenses.
Deregulating Property-Liability Insurance
"A Brookings Institution Press and American Enterprise Institute publication Over the past two decades, the United States has successfully deregulated prices and restrictions on most previously-regulated industries, including airlines, trucking, railroads, telecommunications, and banking. Only a few industries remain regulated, the largest being the property-liability insurance business. In light of recent sweeping financial modernization legislation in other sectors of the insurance industry, this timely volume examines the basis for continued regulation of rates and forms of the U.S. property-liability insurance market. The book focuses on private passenger automobile insurance--the most important personal line of property-liability coverage, with annual premiums of about $120 billion. The authors analyze five state case studies: California, Massachusetts, and New Jersey--three of the most heavily regulated states--as well as Illinois, which has been deregulated for about 30 years, and South Carolina, which began to deregulate in 1997. The study also includes an econometric analysis based on all fifty states over a 25-year period that gauges the impact of regulation on insurance price levels, price volatility, and the proportion of automobiles insured in residual markets. The authors conclude that regulation does not significantly reduce long-run prices for consumers, and generally limits availability of coverage, reduces the quality and variety of services available in the market, inhibits productivity growth, and increases price volatility. Contributors include Dwight Jaffee (University of California, Berkeley), Thomas Russell (Santa Clara University ), Laureen Regan (Temple University), Sharon Tennyson (Cornell University), Mary Weiss (Temple University), John Worrall (Rutgers University), Stephen D'Arcy (University of Illinois, Urbana-Champaign), Martin Grace (Georgia State University), Robert Klein (Georgia State University), Richard Phillips (Georgia State University), Georges Dionne (University of Montreal), and Richard "
Risks Related to Environmental, Social and Governmental Issues (Esg)
Risk Management
This book outlines risk management theory systematically and comprehensively while distinguishing it from academic fields such as insurance theory. In addition, the book builds a risk financing theory that is independent of insurance theory.Until now, risk management (RM) theory has been discussed while the framework of the theory has remained unclear. However, this book, unlike previous books of this type, provides risk management theory after presenting a framework for it. Enterprise risk management (ERM) is seen differently depending on one's position. For accountants, it is a means for internal control to prevent accounting fraud, whereas for financial institutions, it quantifies the risk that administrators can take to meet supervisory standards. Therefore, most of the ERM outlines are written to suit the intended uses or topics, with no systematic RM overviews. This book discusses a systematic RM theory linked to the framework of it, unlike previous books that were written according to topic.After the Enron scandal in December 2001 and WorldCom accounting fraud in June 2002, several laws were enacted or revised throughout the world, such as the SOX Act(Sarbanes-Oxley Act) in the United States and the Financial Instruments and Exchange Law and Companies Act in Japan. In this process, the COSO(Committee of Sponsoring Organizations of Treadway Commission) published their ERM framework, while the ISO (International Organization for Standardization) published their RM framework. The author believes that the competition between these frameworks was an opportunity to systematize RM theory and greatly develop it as an independent discipline from insurance. On the other hand, the Great East Japan Earthquake that occurred on March 11, 2011, caused enormous losses. Also, because pandemics and cyber risks are increasing, businesses must have a comprehensive and systematic ERM for these risks associated with their business activities
The Finance of Health Care
Employers Can Reduce Their Employees' Health Care Costs by Thinking Out of The BoxEmployee health care costs have skyrocketed, especially for small business owners. But employers have options that medical entrepreneurs have crafted to provide all businesses with plans to improve their employees' wellness and reduce their costs. Thus, the cost of employee health care benefits can be reduced markedly by choosing one of numerous alternatives to traditional indemnity policies.The Finance of Health Care provides business decision makers with the information they need to match the optimal health care plan with the culture of their workforce. This book is a must guide for corporate executives and entrepreneurs who want to attract-and keep--the best employees in our competitive economy.
