Summary of Risk Management and Insurance

Looking for the book?
We have the summary! Get the key insights in just 10 minutes.

Risk Management and Insurance book summary
Start getting smarter:
or see our plans

Rating

7 Overall

7 Applicability

7 Innovation

6 Style


Recommendation

This textbook offers a detailed, panoptic view of the field of insurance and risk management. Author Etti G. Baranoff does not seem to promote a philosophical, narrative or analytical point of view on the subject. Instead, she aims to provide students with a dense introduction to the field’s bedrock information. Therefore, she presents a vast number of facts related to insurance and risk management, but generally refrains from taking a position on them. This is the sort of book one is assigned as the well-chosen, required text in a course on insurance. The author expertly defines every necessary term and explores every important aspect of the decision to buy or forego insurance, including legal implications, policy variants and alternative products. getAbstract suggests that corporate risk managers may want to keep it on their bookshelves for its excellent definitions and its appendices, which offer illustrative excerpts from several different insurance policies. Even those who are not in the risk management business could benefit from some chapters, especially those recommending ways to calculate the appropriate amount of insurance.

In this summary, you will learn

  • What risk is;
  • Why insurance companies offer protection from risks; and
  • What risk management alternatives exist.
 

About the Author

Etti G. Baranoff is associate professor of insurance and finance at Virginia Commonwealth University in Richmond, Virginia. She is also the author of Core Concepts of Risk Management and Insurance.

 

Summary

Risk and Insurance
Risk means uncertainty, the possibility that things will either go well or go badly. Risk comes in many different forms and some kind of insurance exists for each one. Health insurance covers the risk of sickness. Car insurance addresses the risk of auto accidents. Fire...

More on this topic

Customers who read this summary also read

The Affordable Care Act
The Affordable Care Act
9
Retreat from a Rising Sea
Retreat from a Rising Sea
9
The Index Card
The Index Card
9
Capital and the Common Good
Capital and the Common Good
8
The Truth About Your Future
The Truth About Your Future
9
Predictive Analytics
Predictive Analytics
8

Related Channels

Comment on this summary