上海交通大学金融学专业保险学原理讲义chapter01.pptVIP

Chapter Outline The Concept of Risk Risk Management Managing Personal Risks Through Insurance The Concept of Risk Speculative risk involves three possible outcomes:loss,gain,or no change.For example,when you purchase shares of stock. Pure riskinvolves no possibility of gain;either a loss occurs or no loss occurs.An example is the possibility that you may become disabled This possibility of financial loss without the possibility of gain----pure risk----is the only kind of risk that can be insured Risk Management Avoiding Risk Controlling Risk Accepting Risk Transferring Risk Avoiding Risk The first, and perhaps most obvious, method of managing risk is simply to avoid risk. Controlling Risk To control risk by taking steps to prevent or reduce losses Accepting Risk To accept, or retain, risk.To accept risk is to assume all financial responsibility for that risk. Self-insurance is a risk management by which a person or business accept financial responsibility for losses associated with special risks. Transferring Risk When you transfer risk to another party, you are shifting the financial responsibility for that risk to the other party,generally in exchange for a fee. The most common way is to purchase insurance coverage. About Insurance Policy is the written document that contains the term of the agreement between the insurance company and the owner of the policy Policy benefit is a stated amount of money an insurance company agrees to pay under an insurance policy when a specific loss occurs. Premium保险费 is a specified amount of money an insurer charges in exchange for its promise to pay a policy benefit when specific loss occurs. Three type of Risk Property damage risk Liability risk personal risk Managing Personal risk Through Insurance Characteristics of Insurance Risks Insurability of Specific Risks Characteristics of Insurable Risks The loss must be occur by chance. The loss must be definite. The loss must be significant. The loss rate must be predic