Relying on historic analysis when assessing potential risks and possible impacts implies that
Enhanced risk management emphasizes the continual improvement of risk management capabilities.
Causes of risk include all the following except:
Risk management is a strategic management process.
The organization’s resources and internal support are ________ the risk management strategy.
A train has crashed and is badly damaged. There have been numerous claims from injured passengers as well as a loss of revenue for the train operator. This is an example of
Which of the following statements about captive insurance companies are correct?
1. A captive cannot act as a reinsurer.
2. A captive can access reinsurance markets.
3. A captive can sometimes offer greater cover than is available in the insurance market.
4. A captive must be located in the same country as its parent company.
Which of the following is a process with inputs, activities, and outcomes?
Which step is the risk process steps to manage, control, or remediate risk?
When defining the success measures for the organization’s risk strategy, the risk management professional will include which of the following steps?