免費論壇 繁體 | 簡體
Sclub交友聊天~加入聊天室當版主
分享
Board logo

標題: Financial Risk Management (FRM File 008)- Risk Transfer VS Risk Sharing [打印本頁]

作者: edward    時間: 2017-8-26 08:07     標題: Financial Risk Management (FRM File 008)- Risk Transfer VS Risk Sharing


Financial Risk Management (FRM File 008)-Risk Transfer VS Risk Sharing

Risk Transfer" is often used in place of "Risk Sharing" in the mistaken belief




Risk Management Online









20,332 members








Manager's Choice
[url=]
Options menu[/url]


Edward Chao      Governmental Counseling consultant,














The term of 'risk sharing' is briefly defined as "sharing with another party the burden of loss or the benefit of gain, from a risk, and the measures to reduce a risk."

The term of 'risk transfer' is often used in place of risk sharing in the mistaken belief that you can transfer a risk to a third party through insurance or outsourcing. In practice if the insurance company or contractor go bankrupt or end up in court, the original risk is likely to still revert to the first party. As such in the terminology of practitioners and scholars alike, the purchase of an insurance contract is often described as a "transfer of risk." However, technically speaking, the buyer of the contract generally retains legal responsibility for the losses "transferred", meaning that insurance may be described more accurately as a post-event compensatory mechanism. For example, a personal injuries insurance policy does not transfer the risk of a car accident to the insurance company.

The risk still lies with the policy holder namely the person who has been in the accident. The insurance policy simply provides that if an accident (the event) occurs involving the policy holder then some compensation may be payable to the policy holder that is commensurate to the suffering/damage.

Some ways of managing risk fall into multiple categories. Risk retention pools are technically retaining the risk for the group, but spreading it over the whole group involves transfer among individual members of the group. This is different from traditional insurance, in that no premium is exchanged between members of the group up front, but instead losses are assessed to all members of the group.

Dr. Chao (Faculty teaching in Nan Hua university, Taiwan)
9-Feb.-2015



James Andrae, Edward Chao, Nass Al Rayashi, [url=/grp/post/likers?id=2324725-5977339232564318211]+324[/url] like this


Written by Dr. Chao Yuang Shiang
Faculty, Dep. of Finance, Nan Hua university


趙永祥 博士

(南華大學財務金融學系暨財務管理研究所 專任助理教授)


26-August-2017

********************************************


趙永祥  博士 (Dr. Chao Yuang Shiang)




                                   





歡迎光臨 趙博士學術論壇(Academic Forum) (http://www.edward.sclub.com.tw/) Powered by Discuz! 7.0.0