Loss Prevention and Control

-


Loss Prevention and Control
States that to prevent or to minimize the chance of loss, insurance companies generally advise that some preventive measures be taken. He also commented that insurance companies can only reimburse financial loss but not intangible things such as valuable information and files.

Loss Financing
In insurance companies, Alijoyo indicated that this is a broad category that involves risk retention, risk transfer and diversification as measures of loss financing. It is primarily concerned with ensuring the availability of funds in the event of losses.

Risk retention
Retention is the act of keeping the possibility of loss with no attempt to transfer that loss to another party. The method is appropriate when the risks of loss or the loss exposure is either too small with little impact or too great to be able to do anything with it

Risk transfer
Insurance companies use this technique to transfer the exposure of a loss to another person or entity that can be able to bear the loss be made.

Diversification
 Indicated that this technique is used in spreading or diff using risk exposures. It is a common technique of risk management that seeks to lower risk by combining exposures that are not related (not correlated) to one another. Diversification has got its foundation


Conclusion

This section presents the results and discussions of the Pearson correlation coefficients to identify the relationship among the variables of risk management techniques (loss prevention and control, loss financing and risk avoidance) and financial performance (ROE and Loss Ratios). The findings on the financial performance of the insurance companies for periods under investigation (2002-2013).

Comments

Post a Comment

Popular posts from this blog

International Law

-
    International Law The body of law that governs the legal relations between or among states or nations.To qualify as a subject under the traditional definition of international law, a state had to be sovereign: It needed a territory, a population, a government, and the ability to engage in diplomatic or foreign relations. States within the United States, provinces, and cantons were not considered subjects of international law, because they lacked the legal authority to engage in foreign relations. In addition, individuals did not fall within the definition of subjects that enjoyed rights and obligations under international law. so there are two types of international law which are public and private international law. Public International Law: Public International laws have been designed to examine the relationships between the countries and states and they govern the binding rules of the international community to avoid any dispute. Public International laws genera...
Read more
-
Image
 HARMORAPA   Since Artist Harmorapa has entered the music to start to be compared to an artist Harmonize, every time the rapper has been entered on the 'headline' wide and discussed by many artists the biggest in the country, others were pleased with his actions while others mocked him and see that he deserves to be a musician. He started as a joke has to be compared with the bright label WCB minor then starts to penetrate into the ears of love entertainment. We are referring here HarmoRapa  is predicted to major in music of bongo Fleva Time here. His first single not divide a passport is placed on the map and start to be known, though it did not properly market. This Time around HarmoRapa has come up with another hit in Town goes by the name "kiboko ya mabishoo" Many thought if Jokes but relatives had become serious now after signing a deal with a large imaging technology bongo Slides Visual less Mx Carter. Also contusion with producer p funk ...
Read more

KATIBA YA KIKUNDI

-
KATIBA YA VACK GROUP SEHEME YA 1. UTANGULIZI 1 JINA LA KIKUNDI VACK GROUP IBARA YA PILI: 2: TAFSIRI YA MANENO MBALIMBALI  2.1 Kikundi kina mkusanyikon wa watu 2.2 Wanachama wa kikundi wana mtazamo moja  2.3 Wanadhamira moja katika kujenga taifa IBARA YA 3. UTANGULIZI Wanachama wa kikundi cha VACK GROUP tumejipanga kufanya kazi kwa ushirikiano ili kufikia malengo yetu IBARA YA 4. KATIBA Katiba ni kanuni ya nchi au taasisi iliyopangwa kwa makubaliano maalumu yanayosimamia sheria kufuata miongozo yake bila kwenda kinyume.Kwenda kinyume cha hapo ni kosa. IBARA YA 5. JINA LA KIKUNDI Kikundi kinaitwa VACK GROUP  IBARA YA 6. LUGHA RASMI YA KIKUNDI Lugha rasmi ya kikundi ni Kiswahili na kingereza. IBARA YA 7. OFISI KUU Makao makuu ya kikundi yatakua ndani ya Mbinga mjini. IBARA YA 8. ENEO LA UTENDAJI WA KAZI  Itakuwa ndani ya wilaya ya mbinga IBARA YA 9. KANUNI ZA KIMAADILI  9.1 Kuheshimiana wenyewe kwa weny...
Read more