State the functions of a risk manager

      

State the functions of a risk manager.

  

Answers


Simon
• To develop and implement loss prevention.
• To actively participate in all contract negotiations.
• To identify and quantify the organizations exposure to accidental loss.
• To develop and update a complete system for recording, monitoring and communicating the organizations risk management program components and cost.
• To adopt proper financial protection measures through risk transfer, risk avoidance and risk retention programs.
• To secure and maintain adequate insurance coverage cost effectively.
• To determine the most cost effective way to construct, refurbish or improve the loss protection system of any facility.
• To establish risk management and procedures.
• To comply with local insurance laws.
• To create and publish guidelines on the handling of all property and liability claims involving the organization

skilled writter answered the question on April 27, 2018 at 17:47


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