Risk Management and Insurance
REDZ18
REDZRISKMANAGEMENT.docxINSTRUCTION:
1. This is an individual assignment. Based on unit four and five
2. Research the areas below and present your findings.
3.The APA format MUST be maintained, and a declaration of authorship must be made.
Risk Management and Analysis
Question 1
The recent coronavirus pandemic has posed great levels of uncertainty, levying significant risk
exposures in almost everyone’s domain. Families are scarred from premature deaths, loss of health,
as well as, loss of income. The extent of this uncertainty is unprecedented as there is no clear end
in sight.
Required:
As a Risk Management Analyst, you are asked to prepare a detailed publication to the Board of
Directors advising on:
i. The risk exposures associated with life, health and loss of income. (20 marks)
ii. Discuss the impact these risk exposures have on families today. (10 marks)
iii. Suggest TWO (2) techniques families could have employed to mitigate or reduce the costs associated with these risk exposures. (10 marks)
Total 40 marks
