Risk Assessment ARM 54 Course Guide (Third Edition)This course guide will help you learn the course content and pass the exam.

Risk Assessment ARM 54 Course Guide (Third Edition)

Etti Baranoff

American Institute for CPCU

When we think of large risks, we often think in terms of natural hazards such as hurricanes, earthquakes or tornados. Perhaps man-made disasters come to mind such as the terrorist attacks in the U.S. on September 11, 2001. Typically we have overlooked financial crises, such as the credit crisis of 2008. However, these types of man-made disasters have the potential to devastate the global marketplace. Losses in multiple trillions of dollars and in much human suffering and insecurity are already being totaled, and the global financial markets are collapsing as never before seen.We can attribute the 2008 collapse to financially risky behavior of a magnitude never before experienced. The 2008 U.S. credit markets were a financial house of cards. A basic lack of risk management (and regulators' inattention or inability to control these overt failures) lay at the heart of the global credit crisis. This crisis started with lack of improperly underwritten mortgages and excessive debt. Companies depend on loans and lines of credit to conduct their routine business. If such credit lines dry up, production slows down and brings the global economy to the brink of deep recession-or even depression. The snowballing effect of this failure to manage the risk associated with providing mortgage loans to unqualified home buyers have been profound, indeed. When the mortgages failed because of greater risk- taking on the Street, the entire house of cards collapsed. Probably no other risk-related event has had, and will continue to have, as profound an impact world wide as this risk management failure.

Risk Management for Enterprises and Individuals (B&W)

Business & Money

Patrick Lee Brockett

Yehuda Kahane

Insurance

Flat World Knowledge, Inc.

Risk Management for Enterprises and Individuals introduces one of the most critical topics of study for 21st century students. The authors discuss how man-made disasters can have the potential to devastate the global marketplace. The authors draw on core knowledge bases from law, engineering, finance, economics, medicine, psychology, accounting, mathematics, statistics and other fields to create a holistic decision-making framework that is sustainable and valuable to students.

Risk Management for Enterprises and Individuals v1.0

Flatworld

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