Module 01 Assignment

Anonymous
timer Asked: Oct 19th, 2018
account_balance_wallet $9.99

Question Description

Information for Assignment:

LTD Acceptance is a private property and auto insurance carrier that specializes in sports cars and motorcycles. This organization is owned by LTD Capital, a large equity group with over 15 holdings. LTD Acceptance is the parent company's single largest holding as it drives 70% of total revenue. Due to the inherent risk involved in that segment of the market, many of LTD Acceptance's competitors do not offer policies for sports cars or motorcycles. This market segment is under-served which is why the organization has 20,000 active policies for a sports car or a motorcycle.

LTD is headquartered in Houston, TX. LTD does not sell insurance directly to the public. Instead, it uses third-party agents to sell its policies. LTD handles all customer service needs including claims intake, policy services, and general questions. The company operates in four states: California, Texas, Louisiana, and Florida. Currently, LTD does not have an active system in place to ensure that its agents are in fact using LTD guidelines to screen potential policyholders. However, no evidence of negligence has emerged so far as the organization has yet to have a year in which it was not profitable. LTD has also had the good fortune of not suffering losses because of natural disasters or catastrophic events.

In your first days of your new role as the senior risk analyst, you know your first task is to complete a framework for adequately identifying risk exposures. During this process, you realize that many of your counterparts lack the basic understanding of how to identify risks. Your supervisor has come to you and asked for a report outlining the importance of identifying risks to support risk management activities and positively impact the company's bottom line. If your counterparts do not understand your report, you know that you will have minimal support in your efforts to manage the organization's risks effectively.

Instructions for Assignment: ***For your report, you have been asked to analyze and address the following:***

  • Why is identifying risk exposures significant? What are the ramifications for organizations that fail to properly identify risks they are exposed to?
  • What are the market risks LTD encounters?
  • What business risk does LTD encounter in its day-to-day operations?
  • What compliance and human capital risks might LTD face?
  • How do risk management activities correlate with overall productivity?

The format for your report should be in the business, professional style. For help with this format, please click here.

Tutor Answer

henryprofessor
School: UT Austin

...

flag Report DMCA
Review

Anonymous
Excellent job

Similar Questions
Related Tags

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors