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13 May, 17:54

Factors a risk manager must consider in selecting an insurer include which of the following? I. The availability of risk management services II. The financial strength of the insurer

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Answers (1)
  1. 13 May, 21:04
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    The correct answer is II

    Explanation:

    Risk management is the term which is defined as the function of executive of dealing with the particular risks, which is faced by the enterprise.

    The risk manager has to consider the following factors:

    1. To decide on the economical as well as best way of handling the risk of the loss.

    2. To evaluate the size of the loss as well as frequency of the loss.

    3. The financial strength of the insurer or the enterprise.

    4. To acknowledge the exposure of the loss.
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