Månedsarkiv: maj 2014

Insurance Risk Management

Why Deal with Insurance Risk Management?

Getting insurance is no longer considered as a luxury nowadays.  Long ago, not very many people find this necessary.  As they deemed it expensive, they believed that in order not to be burdened by expenses incurred by accidents, preventing these from happening is the solution.  However, it can no longer be denied that times have changed.  People can no longer be absolutely free from threats.  Insurance is already a necessity.  However, if you are planning to get one, you may have to deal with insurance risk management first. It is through insurance risk management that you would be able to identify the potential threats that may prompt you to collect insurance.

Although it sounds technical and difficult to handle, you may have been doing some insurance risk management yourself.  Actually, the moment that you attempt to identify the risks that your properties face, whether natural or man-made, you are already implementing insurance risk management.  It is important to identify and assess the seriousness of such risks.  Otherwise, you would end up spending for insurance on risks that really do not exist. Under such circumstance, then you are really wasting money over things that are not necessary.  Of course, it is not enough that you identify, you should also know the degree of seriousness of such risks.

There could be too many risks that your properties may face.  If possible you would want these to be insured from all the threats.  However, when you include all these in the insurance policy, the consequence could be unmerciful on your budget.  You may even spend more than half of your income on insurance premiums alone.  One important feature of insurance risk management is prioritization.  Through insurance risk management, you are supposed to find out which of the potential threats should be prioritized.  For example, earthquakes and storms may badly damage your properties but you may prioritize the latter because it happens more frequently in your place.

While it identifying, assessing, and prioritizing risks are key parts of insurance risk management, these are definitely not the only things that you should deal with. You could still reduce the amount of insurance premiums that you pay by simply lessening the impact of such risks.  If you know that your place is often ravaged by storms, the best thing to do is to make your home or building sturdier.  Insurance risk management does not only require you to determine risks.  It also prompts you to save more by making your properties less vulnerable to the said threats.

Apparently, there is some science involved in insurance risk management.  This means that such work may not be as easy as you wish it to be.   If you consider yourself to be absolutely unqualified to perform the said task, you could always find others to do it for you.  Actually, there are insurance firms who offer insurance risk management.  They may not charge you for it as long as you get your properties’ insurance from them.  You may also approach certain companies who are actually expert on this but are not insurance firms.

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portfolio management system

The Great Purpose Of A Portfolio Management System

If you have a group or a corporation and you have your first draft of your portfolio, you would know that with just a meager organization of it, your group will not be able to drag in people that you want to attract. Yes you may have a lot of assets and properties but without a professional organization of these assets your portfolio would only look like a mess of things. It would be only in its raw format and not the fine crystal that it should be to attract tons of people that might become your big time customers, partners, investors and many more. So how do you make it so? Well that would be with the help of a professional management system.


What is the portfolio management system?

If you want to have your portfolio organized better and make it more appealing for everyone then you should be getting the portfolio management system. This kind of system not only can make your company portfolio or your asset portfolio look better but it can also get you more appealing to society which might gain some partners, investors and many more. The portfolio management system is the art and science of making decisions about investment mix and policy, matching investments to objectives, asset allocation for a person or a group and trying to balance the risk against performance. So if you want only to have the best decisions to use then you better use the portfolio management system for it. It will at least point you to the best ones you can choose from and not the ones you might obviously fail from.


What are the two forms of portfolio management system?

There are two forms of the portfolio management system which are the passive and active versions. The passive portfolio management system is a system that would track your market index or what you call index investing. For the active portfolio management system, it involves of a manager or a team of managers whose task is to beat the market return by managing the fund’s portfolio actively through investment decisions. These decisions will be based on research and through individual holdings. The active portfolio management system is far better version the first one.


Where can I get the portfolio management system?

The portfolio management system can be made by your own IT department if you have one. They can make you a portfolio management system software program which you can see all of your assets, policies and many more in one full format and organized for you to navigate through. You can manage it all by yourself if you want but it is better with a team of managers to handle that much of a load. Of course that would yield you better results in the future. The other way to get a portfolio management system is through another company that can provide you with their own version of their portfolio management system software program. They create these programs so that companies can handle their portfolio better than with their standard version.