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What are the main functions of and insurance company?
to cover the financial risk of customer
What are the financial risk in Account department?
Some financial risk associated with an accounting department is the loss of money. Some accountants may misappropriate the company's money.
What is the purpose of insurance?
An insurance policy is a contract of Indemnity. It is a means of transferring risk of financial loss and or financial liability to another party, Namely the insurance company.
When was Financial Risk Manager created?
Financial Risk Manager was created in 1997.
Differences between operational risk and financial risk?
Operational risk: Operational risk is usually caused by four different avenues: people, processes, systems, or external events. For many aspects of operational risk, companies must simply try to mitigate the risk within each category as best as possible with the understanding that some operational risk will likely always be present. Financial risk: A company's financial risk is related to the company's use of financial leverage and debt financing. It is concerned with a company's ability to generate sufficient cash flow to be able to make interest payments on financing or meet other debt-related obligations.
What are the main functions of and insurance company?
to cover the financial risk of customer
What are the financial risk in Account department?
Some financial risk associated with an accounting department is the loss of money. Some accountants may misappropriate the company's money.
What are the duties of the Chief Financial Officer?
The Chief Financial Officer is responsible for all financial things in the company. He has to keep in mind the financial risk, for example. He also should be able to analyse the most important datas of the company. The CFO has to ensure, that his company remains cash.
Indicate the relationship between financial leverage and financial risk?
As the financial leverage increases, the breakeven point of the company increases. The company now has to sell more of its product (or service) in order to break even. As the financial leverage increases, the risk to banks and other lenders increases because of the higher probability of bankruptcy. As the financial leverage increases, the risk to stockholders increases because greater losses may be incurred if the company goes bankrupt. As the financial leverage increases, the risk to stockholders increases because the higher leverage will cause greater volatility in earnings and greater volatility in the stock price.
Meaning of DFL?
DFL stands for "Debt-to-Finance Ratio" and is used to measure a company's financial leverage. It indicates how much of a company's assets are financed through debt as opposed to equity, and can help assess the financial risk associated with the company. A high DFL suggests higher financial risk, as the company has more debt relative to its equity.
What risk management strategies does progressive insurance company employs to protect against financial loss?
They dont. They have crappy risk department
What is the difference between risk retention and risk transfer?
Risk retention is when a company decides to bear the financial impact of a potential loss itself, while risk transfer involves shifting the risk to another party through insurance or other financial arrangements. Risk retention allows a company to potentially save on insurance premiums but also exposes it to higher financial losses, while risk transfer helps mitigate potential losses by passing them onto another party.
When was Marsh Insurance financial institution founded?
Marsh is a company that was founded in 1871, and is primarily known for its financial services. The company offers insurance broking and risk consulting for international and multinational companies and organizations.
What does the company Deloitte specialize in?
The company "Deloitte" specializes in a wide variety of financial advice for individuals, businesses, and organizations. Consulting, audit, financial advisory, and risk-management, and tax services are offer to clients.
What is the purpose of insurance?
An insurance policy is a contract of Indemnity. It is a means of transferring risk of financial loss and or financial liability to another party, Namely the insurance company.
How can a company experience risk?
Risk is, by definition, the likelihood or non-likelihood of a financial loss occuring. The financial loss can be in terms of the loss of money, damage to property, or any other occurrence that has a financial impact upon the business. Insuring is the process of transferring the risk of loss from the entity that bears the risk to an insurer. The insurer agrees to assume the risk in return for a premium. The terms and extent of the transfer of risk is set forth in the insurance contract.
When was Financial Risk Manager created?
Financial Risk Manager was created in 1997.
