Please note, this class may be purchased individually or with our 7-part "I Wanna Know Risk and Insurance Concepts" series, here

"Risk management" and "Insurance" are not synonymous. Risk management is a process combining methods for reducing or avoiding an undesirable event with sources for covering the adverse financial losses that result from the occurrence of the undesired event. Insurance is but one source risk managers use to finance these adverse economic losses.

This session:

• Details the multi-step risk management process
• Delineates the various levels of financial impact
• Defines and differentiates the concepts of "Risk Control" and "Risk Financing"
• Discusses the three "Rules of Risk Management"
• Develops and presents an advanced frequency/severity matrix