Forecasting Accidental Losses and Risk Financing Needs

Level: Intermediate

Why you need this learning module:
After completing this learning module, you’ll be able to evaluate your organization’s risk control measures.

Upon successful completion of this learning module, you should be able to:

• Describe the steps in forecasting expected losses.
• Explain how to forecast the probable variation from expected losses.
• Explain how loss forecasts can be used to estimate cash flow needs.
• Explain how loss forecasts can be used to:
• Budget for retained losses
• Evaluate alternative retention levels
• Evaluate insurer premium charges
• Update accounting reserves for retained losses
• Given a case, forecast expected losses and estimate the net present value of cash flow needs.

Cost: $20 per Professional Development Hour (PDH). Information on Professional Development Hours (PDH) provided can be found here.

Forecasting Accidental Losses and Risk Financing Needs Topics Include:

• The distinctive features of criminal loss exposures and their implications for risk management
• The characteristics of common crimes
• Why, when, and how an organization should use risk control measures to reduce the frequency of its crime losses
• Why, when, and how an organization should use risk control measures to reduce the severity of its crime losses
• Why crime risk models are useful in projecting the occurrence of future crimes

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