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Enrique Said:

Majoring in Risk Management and Insurance for Actuary?

We Answered:

ya one confused boy ain't ya? u only need 2 things to make ya business work and thats working hard and making sacrifices. u don't need to be smart to build a business. look at me, i ain't smart and i got a multi-million $$$ empire

Tara Said:

How can I find some information about environmental risk management and insurance?!?

We Answered:

IRMI is an outstanding source of information about insurance and risk management. This link is to IRMI. On the page are articles specifically related to your subject.

http://www.irmi.com/Expert/Topics/RiskMa…

Ben Said:

i doing a university business degree and my major is risk management and insurance, my minor is financial?

We Answered:

Join a risk team in a bank or an insurance company and you will still always be in awe of what the traders earn ;)

Courtney Said:

I am doing a university degree in business where my major is risk management and insurance and my minor?

We Answered:

It depends on your area, but mostly you should go for a position in Commercial Underwriting. That will get your foot in the door for other oppurtunities and you should make good money. Most major insurance companies have training programs, again depending on your area.

Eugene Said:

What is the difference between risk management and insurance?

We Answered:

Risk management refers to a broad range of mitigation stradegies. One of these is insurance, that is you manage the risk by paying out a fixed sum incase something does occur, you can recoup your losses. Other risk management stradegies include identify risky investments and avoiding them. Also, developing mitigation plans, to reduce your risk. For example, if you owned a oil well in Nigeria, you might want to build a wall around it, to reduce your risk from rebel attack and theft. These are all examples of different ways to manage your risk, though insurance is the most welll known form.

Jay Said:

What is Insurance Risk Management?

We Answered:

Insurance is only one of the techniques to handle risk. You use insurance to transfer risk to another entity.

The broader term is risk management. Risk management is a structured approach to managing uncertainty through, risk assessment, developing strategies to manage it, and mitigation of risk using managerial resources.

The strategies include transferring the risk to another party, avoiding the risk, reducing the negative effect of the risk, and accepting some or all of the consequences of a particular risk.

Some traditional risk managements are focused on risks stemming from physical or legal causes (e.g. natural disasters or fires, accidents, death and lawsuits).

Great resource is the Risk and Insurance Management Society