Insurance 2

4. Risk related to the lawsuits for bodily injury and property damage
5. Techniques that provide for the funding of losses risk namel Risk _ _ _ _ _ _ _ _ _.
8. Risks that directly affect an individual or family.
9. risk where there is no opportunity for profit or positive outcome
11. Risk that refers to uncertainty regarding the firm’s financial goals and objectives
16. spreading the loss exposure across different parties.
18. Cause of Loss
19. A situation in which either profit or loss is possible.
20. Risk that can financially cripple or bankrupt the firm if a loss occurs.

1. technique refers to having back-ups or copies of important documents or property
2. risk control techniques of avoiding the risk
3. Techniques that reduce the frequency or severity of losses. Risk _ _ _ _ _ _ _.
6. Physically or technologically separating items.
7. Condition that creates or increases the frequency or severity of loss
10. reduces the probability of loss so that frequency of losses is reduced Loss - - - - - - - - - -
11. Risk of collapse of an entire system
12. risk related to of adverse changes in commodity prices, interest rates, foreign exchange rates, and the value of money.
13. Insurance company concentrate on this type of risk
14. reduce the severity of a loss after it occurs. Loss _ _ _ _ _ _ _ _ _.
15. Risk management that combines into a single unified treatment program all major risks faced by the firm
17. Risk related to the firm’s business operations