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Principles of Risk Management and Insurance

George E. Rejda, Michael J. McNamara

0 Pages
2014

Principles of Risk Management and Insurance

Prentice Hall

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Principles of Risk Management and Insurance - Summary

"Principles of Risk Management and Insurance" by George E. Rejda and Michael J. McNamara is an essential read for anyone interested in understanding the intricacies of risk management and insurance. This comprehensive guide is primarily aimed at undergraduate students but is also invaluable for current and aspiring industry professionals. The twelfth edition delves deeply into major topics such as basic concepts of risk and insurance, advanced risk management techniques, and the functional and financial operations of insurers. It also covers legal principles, life and health insurance, property and liability insurance, employee benefits, and social insurance. The inclusion of the Affordable Care Act provides a contemporary perspective on the evolving landscape of insurance.

Key Ideas

1

Comprehensive Coverage of Risk Management and Insurance Principles

The book provides an in-depth exploration of both basic and advanced concepts in risk management and insurance. It covers everything from the fundamental principles of risk and insurance to the detailed operations of insurers, making it a valuable resource for both beginners and seasoned professionals.

2

Focus on Consumer Considerations

One of the standout features of "Principles of Risk Management and Insurance" is its emphasis on the consumer perspective. The authors blend theoretical principles with practical consumer considerations, ensuring that readers not only understand the concepts but also how they apply in real-world scenarios.

3

Inclusion of Contemporary Topics

The twelfth edition of the book includes a thorough discussion of the Affordable Care Act, reflecting the latest developments in the insurance industry. This inclusion ensures that readers are up-to-date with current trends and changes in the field, making the book a timely and relevant resource for anyone interested in the evolving landscape of risk management and insurance.

FAQ's

"Principles of Risk Management and Insurance" is primarily aimed at undergraduate students studying risk management and insurance. However, it is also a valuable resource for current and aspiring industry professionals who want to deepen their understanding of the field.

The twelfth edition includes a thorough discussion of the Affordable Care Act, providing readers with insights into the latest developments and changes in the insurance industry. This ensures that the content is up-to-date and relevant to current trends.

The book blends theoretical principles with practical consumer considerations, making it not only an academic resource but also a practical guide. This approach helps readers understand how the concepts apply in real-world scenarios, enhancing their ability to use the knowledge in practical settings.

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