Important Loss Exposures: V Human resources loss exposure Death or disability of key employees Retirement or unemployment Job-related injuries or disease experienced b workers(謝婉雯: The miracle box) 3-11
3-11 Important Loss Exposures: IV • Human resources loss exposure • Death or disability of key employees • Retirement or unemployment • Job-related injuries or disease experienced by workers (謝婉雯：The Miracle Box)
Important Loss Exposures: V Crime loss exposures Holdups, robberies, burglaries Employee theft and dishonesty Fraud and embezzlement Internet and computer crime exposures 3-12
3-12 Important Loss Exposures: V • Crime loss exposures • Holdups, robberies, burglaries • Employee theft and dishonesty • Fraud and embezzlement • Internet and computer crime exposures
Important Loss Exposures: VI Employee benefit loss exposures Failure to comply with government regulations Violation of fiduciary responsibilities Group life and health and retirement plan exposures Failure to pay promised benefits 3-13
3-13 Important Loss Exposures: VI • Employee benefit loss exposures • Failure to comply with government regulations • Violation of fiduciary responsibilities • Group life and health and retirement plan exposures • Failure to pay promised benefits
Important Loss Exposures: VI Foreign loss exposures Plants, business property, inventory Foreign currency risks Kidnapping of key personnel · Political risks 214
3-14 Important Loss Exposures: VII • Foreign loss exposures • Plants, business property, inventory • Foreign currency risks • Kidnapping of key personnel • Political risks
Identifying Loss EXposures Risk Managers have several sources of information to identify loss exposures Surveys and Questionnaires Physical inspection Flowcharts(external and internal) Financial statements Historical loss data Interaction with External Resources Industry trends and market changes can create new loss exposures e.g., exposure to acts of terrorism 3-15
3-15 Identifying Loss Exposures • Risk Managers have several sources of information to identify loss exposures: – Surveys and Questionnaires – Physical inspection – Flowcharts (external and internal) – Financial statements – Historical loss data – Interaction with External Resources • Industry trends and market changes can create new loss exposures. – e.g., exposure to acts of terrorism