Risk affects every aspect of an organization.
The effects of risk are not confined within any predictable boundaries; a
single event can easily influence several areas of an organization at once,
producing consequences far beyond the immediate impact. The pervasiveness and
complexity of risk presents strong challenges to managers, one of the most
important being the coordination of risk management across areas within the
organization. It
deals with: the nature and management of pure risks, insurance and reinsurance;
risk concepts, classification of risks, management of pure risks through
various risk handling tools, industrial safety, general principles of insurance
and major classes of insurance, reinsurance and development & regulation of
the insurance industry in Ethiopia.
- Teacher: Aster Seifu