Monday, January 31, 2011

Insurers can minimize redlining exposures.(Another Perspective)(Column): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on February 19, 1996. The length of the article is 1290 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Insurance companies' exposure to charges of discrimination have increased as the federal and state governments and private sector civil rights lawyers have increased their scrutiny of the insurance industry for incidences of redlining. Insurers can reduce their exposure to redlining liability by eliminating objective underwriting criteria that do not have a material effect on risk. Rather than requiring a minimum value, insurers should charge a minimum premium. Insurers also should apply underwriting criteria consistently and validate their underwriting criteria.

Citation Details
Title: Insurers can minimize redlining exposures.(Another Perspective)(Column)
Author: Brian W. McGrath
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: February 19, 1996
Publisher: The National Underwriter Company
Issue: n8 Page: p17(2)

Article Type: Column

Distributed by Thomson Gale

Price: $5.95


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Competitive Intelligence Advantage: How to Minimize Risk, Avoid Surprises, and Grow Your Business in a Changing World (Wiley)

Competitive Intelligence Advantage: How to Minimize Risk, Avoid Surprises, and Grow Your Business in a Changing World (Wiley)

A practical introduction to the necessity of competitive intelligence for smarter business decisions-from a leading CI expert and speaker

In Competitive Intelligence Advantage, Seena Sharp, founder of one of the first Competitive Intelligence firms in the US, provides her expert analysis on the issues and benefits of CI for today's businesses. CI is critical for making smarter business decisions and reducing risks when formulating strategies, leading to more profits and fewer mistakes.

This is a practical guide that explains what CI is, why data is not intelligence, why competitor intelligence is a weak sibling to competitive intelligence, when to use it, how to find the most useful information and turn it into actual intelligence, and how to present findings in the most convincing manner. Importantly, Sharp argues that businesses would benefit from shifting their perspective on CI from viewing it as a cost to viewing it as an investment that saves money and provides immediate value.

  • Author Seena Sharp is a noted CI expert who established Sharp Market Intelligence in 1979
  • Addresses all the most common myths and misconceptions about CI
  • Includes more than sixty examples of when to use CI
  • Completely explains the ins and outs of CI, and why your company will act faster and more aggressively with CI

Competitive intelligence is a management tool that is misunderstood and underestimated, yet results in numerous benefits. If you are a senior level executive or operate a business-and you aren't tapping the power of CI to improve your decision making-you are missing a potent advantage.

Price: $39.95


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Plan 7 steps to develop a risk management


Is a real risk for a company or organization. Not kid yourself. Things happen when you least expect coming them. You y read the unimaginable, the unexpected, the undesirable? As Director, did you put the head in the sand around risk? You pretend that things are going well, and that nothing will change? If it was time to face reality: data is lost, buildings, burn, resignation persons. One of these cases, your organization is at risk of malfunction, ineffectiveness, chronic struggle, loss of income and even total failure. Is this the path that you want to get off?

From now on, you can start the process of developing your organization risk management plan. Support. Form a Committee representing the staff and Board members and ask them to work with you to create this vital document. Make sure everyone understands the importance of the work and to explain how they can benefit from contributing to the finished product. Management plans and risk are not optional. they are essential for all businesses, large or small. There is no valid exception.

Implement these seven steps and yourself and others a huge slice of peace of mind:

1 Define what risks looks to your organization.
What is the risk in your store? Threats to normal operations? Threats or compromise the security of persons? Loss of physical and electronic goods? Loss of income? Decreased government support and community? Unethical behaviour?   Create a comprehensive definition of the risk which means something for you and your organization.

2. Identify specific risks.
Ask the Committee to brainstorm as many different risks as they can imagine. Save on a whiteboard or a flip chart. Examples of various risks: pulling the Deputy, the decreasing interest in one of your key products, elevators of the Ministry Council struggles internecine, inability to raise funds, economic slowdown, layoffs, construction of fire, accidents of the computer, the philosophical differences between key employees extended leaves for managers, interruption in receiving supplies. What are the potential risks, and there are many others. Continue brainstorming until the Group believes that they have come up with an exhaustive list.

3 Categorize each risk.
Determine the names of categories for the identified risks. Examples can be: Chief Executive, Board of Directors, physical property, technology, data, employees, products or Services, clients and customers, stakeholders, Place each risk in the selected categories. Create category names as much as you want.

4. Each risk according to the gravity or importance of rank.
Choose topics such as "more severe", "moderately serious", "" concern minimum"." You don't have to use those same words to your headings, but make sure that your phrases adequately distinguish degrees of severity. You may wish to each risk color coded according to its position of importance: black red for "worse" to "moderately severe" and green for the "minimal concern." Configure the way it works best for you and your organization.

5 Strategies for the reduction or elimination of each risk.
Begin with the risks in your topic "more serious". It is essential that you do not delay in thinking through possible solutions for these issues. Ideally, identify multiple strategies for each risk. Be sure to consider who in the Organization will be responsible for the implementation of strategies and resources for their implementation. The omission of this information to plan causes only big problems later.

6. Write your plan.
Using all entries above, form a document capable to read. Practical is paramount here. Plan is useless if no one can follow, interpret, or actually rely on as a guide to the crisis. After it is compiled, seek comments from the Commission as well as other employees and Board members. Incorporate changes indication. Verify evidence of common sense throughout the document. Empower yourself to a high of common-sense standard. A pie-in-the-sky risk management plan does not serve anyone.

7 Test some of these strategies in your sustainability plan.
Do they work? Can they work? Why or why not? Where are the pitfalls? What steps are missing? You would benefit from having some outside experts review your strategies? If so, what types of experts?

Revisions to the plan can occur each year, cases and your organization live one or two first-hand strategies. Hindsight is often wiser. Don't be afraid to launch a content plan when you know perfectly well that this is what you need to do. Don't forget: the plan shall be updated. One day that you expect the least, someone must seize this document, designate a particular item inside and follow-up - fast.








Sylvia Hepler, owner and President of launch lives, is an executive coach/Adviser based in the Centre - South PA ideal clients are executives, Executive Directors non-profit and business owners who demonstrate commitment to unblock the situation and the creation of a new story for their lives. Ms. Hepler background includes: teaching, speaking in public, retail, freelance writing and executive leadership of nonprofit organization non-profit county 14. She has knowledge of the work of Supervisory Council, development, quality management, analysis of the SWOTT, the hiring of staff and make employees, mission/vision development, networking and organizational collaboration. It no nonsense coupled with heart approach gives quick results with most clients.
CONTACT:
Sylvia@launchinglives.biz
717-761-5457


Sunday, January 30, 2011

Risk - management approaches essential for making money in Forex Trading


Risk management is crucial for long-term Forex trading success. Without proper risk management, a winning position can eventually turn into a loss. Lack of skills with business risk management is a major cause of failure Forex beginners' in the trade.

What is risk management? Managing risks in Forex trading means determination of the exposure to various market or nonmarket factors which might impose a negative impact on business results and the application of the rules of negotiation in order to minimize the loss of business.

It was widely adopted in Forex trading risk management approaches. An important rule that is generally followed to limit the risks in Forex trading is a trade position size: ever 3-5% of your trading capital on trade issues of risk. Most Forex trading positions involve the use of margin, which potentially magnifies the return on capital and the risk of loss. Limit the size of negotiating positions can help prevent margin calls and diversify investment.

Another approach to risk management is to risk and reward good ratio as a criterion for determining whether to launch a Forex position. Ratio of risk and reward in trade refers to the rate between the probability of loss and profits of a business. It is good practice to calculate the risk and reward ratio before opening a business. Many professional traders for Forex set ratio of risk and reward to 1: 2 or 1: 3 for initiation of a job. If a potential Forex trade does not fulfil the criterion of risk and reward, it is often wiser to give an opportunity to trade.

Avoid over trading. This applies to control the amount of money invested in each Trade Forex, as well as staying away from trading when there are no exchange opportunities.

Use appropriate protection stops. Many lessons were drawn to the need to use cases in trade by professional traders. Some people prefer mind stops for hard stops. The point is to determine the exit point before opening a position, what type of cases is used. Trailing stops also can be used when Forex positions are in profit.

Having a business plan in advance and in accordance with terms of trade can also help with risk management. Following a well-defined business plan helps to overcome the psychological enemies of Forex trading – greed, fear, boredom, anxiety and anger - and protect profits.








To learn more about Forex trading tips, tutorials, tools and resources, visit http://www.atr-forex.com.


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Saturday, January 29, 2011

You should know about Venture Capital Management


Venture capital management is something that has become more important than ever in light of how the global economy has done over the past two years. Financial services companies, including banks have really been shaken by what happened. There are different types of risks that face companies and there are several methods for solving respective problems. Of course, the fact remains that each situation is unique, one way or the other and each solution must be tailor made to ensure that the risk is reduced to a minimum or eradicated.

Possible problems

Regards the management of risk capital, it is quite possible that you have identified more than a few questions which must be taken into account and managed accordingly. If you realize that there is a potential problem then one of the best measures you can take is to hire a financial company who specializes in the treatment and services for risk management. That will make such a business is to take a good careful your requirements of venture capital in function and value risk-based measures. They will gather all the information at their disposal concerning financial risk management and make all together to make a clear picture of what is happening and what they should do next. They inform you on how best to allocate capital for your business and advise you on how to manage your portfolio risk by changes in everything from writing, political investment and reinsurance prices. In the case that you want to pose risks based compensation to employees of your company and then financial company that you hired can do that for you as well as to support training of employees where risk is concerned. At a glance such a firm will be with and assess all the risks in your business is exposed to and provide viable solutions.

What to expect

Once the specialized finance company identified questions risk on your business, they can spend implementing possible solutions. They can plan out and put in capital and the value of motion based risk assessment to improve your financial models. In addition to this they can point out the main factors and risks affecting levels of management and implement the optimization routines. These financial services may also include reviews of internal audit of your business support and see the analysis of the difference in your business. They can also provide information on how to implement methods and performance improvement plans based on your capital risk management information.

The Conclusion

The fact is that when various companies begin to take an active role in new markets, they open up a whole new world of risk and therefore, it becomes extremely important for survival that they understand how to manage these risks. It is essential that they stay up-to-date policies and procedures of managing capital risk so that they can do the best for their businesses.








Robert is an expert on training in risk management.


Monday, January 24, 2011

What is risk management software?

Risk management software is a tool that helps you evaluate the opportunities and risks in your business. Many risk management software can help you give priority to what the actions you will take to minimize risk (lose money in some areas, retain customers and employees to protect customers, minimize losses in an unstable economy, etc.) and help you untangle jobs of high priority to low priority jobs to help you quickly produce the best results.




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Risk management software focuses on the work in two ways. the price that you'll pay if something goes wrong and the likelihood that it will be. The software will have to take into account the loss of more expensive that you might encounter with probability will occur and will priority downwards from there. It will rank higher risk elements of your more down, helping you see where your potential problems might be. Here are a few areas look during the risk assessment.


Reduce your risk
You could reduce your losses do not take risks, but then you miss next to big gains too. So if you take on a risky matter, be sure that the potential profits are more than that for you. Risky business deals have a high probability that they will not work, but they have the biggest potential gains.


Manage your risk.
What you get yourself. If you intend to take on a new project make sure, you know how much it you, how personal time and energy, you will need to run, how much money exactly you stand gain and that the risk is if all goes wrong. Have information and managing your expectations can only help you in the long term.


Accept any unnecessary risk
Whether you need and how to use it. Do not put your time and your money into something that returns te big unless it is an investment with a long term successful long-term. Know your limits and all risks of research before buying.


To learn more about managing risk or EMT training programs, please visit http://www.targetsafety.com.


Ryan Frank is a 23 year old writer and blogger in San Diego, CA. He currently works as a Search Engine Marketing analyst at http://www.bestrank.com. You can also follow Ryan on Twitter at http://twitter.com/ryanfrank412.