Brenda identified all of the pure loss exposures her family faces. Then she analyzed these loss exposures, developed a plan to treat these risks, and implemented the plan. The process Brenda conducted is called

A) personal insurance programming.

B) personal estate planning.

C) personal financial planning.

D) personal risk management.

Question

Business

India Castillo

17 February, 04:37

Brenda identified all of the pure loss exposures her family faces. Then she analyzed these loss exposures, developed a plan to treat these risks, and implemented the plan. The process Brenda conducted is called

A) personal insurance programming.

B) personal estate planning.

C) personal financial planning.

D) personal risk management.

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Answers (1)

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Triston Dawson · Answer 1

Option D

The process Brenda conducted is called personal risk management.

Explanation:

Personal Risk Management is the means of implementing risk management systems to the requirements of unique consumers. It is the manner of recognizing, including, and managing personal risk, accompanied by performing the execution plan and monitoring variations over time.

Pure risks are insurable because their prospects can be estimated accurately suitable for the risk to be quantified, which indicates it can be valued, purchased, and traded. Personal Risk Management is based on the idea that the kind of an insurance program should nevermore be limited than the nature of what it guards.