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Back to basics—just how much should a risk manager know about risk financing?
Author(s) -
Miller Vivian B.
Publication year - 2011
Publication title -
journal of healthcare risk management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.221
H-Index - 16
eISSN - 2040-0861
pISSN - 1074-4797
DOI - 10.1002/jhrm.20078
Subject(s) - risk management , business , risk financing , finance , need to know , order (exchange) , risk analysis (engineering) , it risk management , financial risk management , actuarial science , computer science , computer security
Whether directly involved in development and implementation of the organization's risk financing program or not, risk management professionals, at the very least, need to be familiar with and understand the various risk financing strategies available to address all areas of exposure. This article addresses the types of coverages and risk financing options that should be considered when developing a comprehensive risk‐financing program, and why it is important for risk management professionals to have some knowledge about these products, in order for their true value to be fully appreciated.