Risk Transfer – Knowsia

CSME – Nov 2015 – L2 – Q1b – Risk Management and Corporate Strategy

Discusses various methods for managing and controlling risks in an organization, illustrating different risk management techniques.

Question

There are different methods of managing and controlling risks. Explain and illustrate any THREE of the following approaches to risk management:
i. Risk Diversification
ii. Risk Transfer
iii. Risk Sharing
iv. Risk Hedging (15 Marks)

Answer

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Tags: Credit risk, Risk Diversification, Risk Hedging, Risk Sharing, Risk Transfer
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: NOV 2015

CSME – May 2022 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Advise on investment strategies to minimize risks and explain factors determining risk appetite.

Question

a. A friend of yours who recently lost his job came to you for advice on how to invest his life savings in a way that will minimize the risk of loss of capital.

i. Advise him on how risk of losses could be minimized using the following:
1. Risk Diversification (1 Mark)
2. Risk Transfer (1 Mark)
3. Risk Sharing (1 Mark)
4. Risk Hedging (1 Mark)
5. Risk Avoidance (1 Mark)
ii. Explain to your friend when risk diversification is the best option for him. (4 Marks)

b. What is risk appetite? Explain THREE factors that determine the risk appetite of a company. (6 Marks)

Answer

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Tags: Risk Avoidance, Risk Diversification, Risk Hedging, Risk Sharing, Risk Transfer
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: MAY 2022

BL – Nov 2012 – L1 – SA – Q13 – Agency Law

Identify the meaning of re-insurance.

Question

Which of the following is the meaning of re-insurance?
A. The insurer insures the insurer’s assets
B. The insurer’s registration with the office of the Commissioner for Insurance
C. A reinsurance, effected by an insurer, on the same risk which was before insured, to indemnify the insurer
D. A new insurance with the government of the Federation
E. The insurer’s insurance with a foreign insurer

Answer

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Tags: Insurance Contracts, Re-insurance, Risk Transfer
Level: Level 1

Topic: Agency Law
Series: NOV 2012

BCL – Nov 2017 – L1 – Q6 – High purchase, Contract Law

Discuss the rules for transfer of risk in sale of goods and explain the concepts of liquidated damages and quantum meruit.

Question

a) State the essential rules concerning the transfer of risk in the sale of goods. (12 marks)

b) Explain the following:
i) Liquidated damages (4 marks)
ii) Quantum meruit (4 marks)

(Total: 20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Liquidated Damages, Quantum Meruit, Risk Transfer, Sale of Goods
Level: Level 1

Topic: Contract Law, Sale of goods/hire purchase
Series: NOV 2017

CSME – Nov 2015 – L2 – Q1b – Risk Management and Corporate Strategy

Discusses various methods for managing and controlling risks in an organization, illustrating different risk management techniques.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Credit risk, Risk Diversification, Risk Hedging, Risk Sharing, Risk Transfer
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: NOV 2015

CSME – May 2022 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Advise on investment strategies to minimize risks and explain factors determining risk appetite.

Question

a. A friend of yours who recently lost his job came to you for advice on how to invest his life savings in a way that will minimize the risk of loss of capital.

i. Advise him on how risk of losses could be minimized using the following:
1. Risk Diversification (1 Mark)
2. Risk Transfer (1 Mark)
3. Risk Sharing (1 Mark)
4. Risk Hedging (1 Mark)
5. Risk Avoidance (1 Mark)
ii. Explain to your friend when risk diversification is the best option for him. (4 Marks)

b. What is risk appetite? Explain THREE factors that determine the risk appetite of a company. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Risk Avoidance, Risk Diversification, Risk Hedging, Risk Sharing, Risk Transfer
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: MAY 2022

BL – Nov 2012 – L1 – SA – Q13 – Agency Law

Identify the meaning of re-insurance.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Insurance Contracts, Re-insurance, Risk Transfer
Level: Level 1

Topic: Agency Law
Series: NOV 2012

BCL – Nov 2017 – L1 – Q6 – High purchase, Contract Law

Discuss the rules for transfer of risk in sale of goods and explain the concepts of liquidated damages and quantum meruit.

Question

a) State the essential rules concerning the transfer of risk in the sale of goods. (12 marks)

b) Explain the following:
i) Liquidated damages (4 marks)
ii) Quantum meruit (4 marks)

(Total: 20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Liquidated Damages, Quantum Meruit, Risk Transfer, Sale of Goods
Level: Level 1

Topic: Contract Law, Sale of goods/hire purchase
Series: NOV 2017

Question Tag: Risk Transfer

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CSME – Nov 2015 – L2 – Q1b – Risk Management and Corporate Strategy

Discusses various methods for managing and controlling risks in an organization, illustrating different risk management techniques.

CSME – May 2022 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Advise on investment strategies to minimize risks and explain factors determining risk appetite.

BL – Nov 2012 – L1 – SA – Q13 – Agency Law

Identify the meaning of re-insurance.

BCL – Nov 2017 – L1 – Q6 – High purchase, Contract Law

Discuss the rules for transfer of risk in sale of goods and explain the concepts of liquidated damages and quantum meruit.

CSME – Nov 2015 – L2 – Q1b – Risk Management and Corporate Strategy

Discusses various methods for managing and controlling risks in an organization, illustrating different risk management techniques.

CSME – May 2022 – L2 – SC – Q5 – Risk Management and Corporate Strategy

Advise on investment strategies to minimize risks and explain factors determining risk appetite.

BL – Nov 2012 – L1 – SA – Q13 – Agency Law

Identify the meaning of re-insurance.

BCL – Nov 2017 – L1 – Q6 – High purchase, Contract Law

Discuss the rules for transfer of risk in sale of goods and explain the concepts of liquidated damages and quantum meruit.

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