Central Virginia Community College Insurance & Risk Management Discussion

Question Description

I’m working on a writing question and need an explanation to help me learn.

Insurance & Risk Management – Short Answer Questions




Citation Style:


Reference the attached slides to assist with completing these answers.

1.     Define risk retention and explain why a large corporation may be able to use this technique more effectively than a small company.

2.     What are some factors that should be considered when evaluating the use of risk retention? Why are those factors significant to the decision?