-
Assess global interdependence of business and insurance.
Assessment Strategies
by collaborating with others to identify a United States business and/or industry that imports or exports to a country outside of the United States
by working with others to draw a flowchart that identifies the business path from manufacturing to consumer
by working together with others to draw a flowchart that identifies stakeholders
Criteria
you can verbally explain the flow of business and the dependence on other countries
you can identify the business stakeholders
-
Identify exposures to loss specific to businesses that import or export materials, supplies, products, services or labor outside of the United States.
Assessment Strategies
by reviewing a business s or industry s dependence on a foreign country and identifying governmental regulations that may impact business
by collaborating with other students to explore how the governmental regulations may affect the finished product or service and thus the consumer
by contributing to the success of a team
Criteria
you can identify and describe hazards specific to business or industry that imports/exports outside the United States
you can read and apply knowledge and ideas for information gathering and problem solving
you can listen to the viewpoints of others with respect
-
Classify the exposures and apply risk management strategies, including transfer of risk.
Assessment Strategies
by categorizing the international risks based on frequency and severity
by working with other students to identify the best strategy for managing the risk
by using rationalization to determine feasibility of the chosen risk management strategy
by communicating effectively and respectively with others in a work group
Criteria
you can communicate verbally and in writing the selected methods of risk management for each risk
you can apply knowledge for the purposes of classifying differences in risk
you can justify the reasoning for the strategy
-
Explain why companies utilize Reinsurance.
Assessment Strategies
by determining if your business/industry should reinsure any of their exposures
by communicating which exposures are best suited for reinsurance and why
by identifying various reinsurance companies and their interdependence with world economies
Criteria
your research reflects justification of reinsurance as a risk management tool
you express respect for the complex range of experiences of a diverse work group
-
Explain the functions of Lloyds, Surplus Lines, Reinsurance, and MGAs.
Assessment Strategies
by researching the functions of Lloyds, Surplus Lines, Reinsurance and MGAs and preparing questions for a panel.
by asking pertinent questions to a panel representing each type of insurer
by expressing sensitivity towards others through active listening
Criteria
your written reflection indicates an understanding of each method of insurance
-
Apply concepts to calculating financial stability of insurers and intermediaries through the use of ratios.
Assessment Strategies
by using formulas to determine capacity, liquidity, and profitability ratios for an insurer or intermediary
by collaborating with other students to determine ratios when given financial components
by answering a set of questions in Blackboard
Criteria
your reflection indicates an understanding of the use of the ratios in business
you can apply the mathematical concepts to determine financial ratios
-
Analyze risks involved in international travel and determine ways to apply risk management strategies.
Assessment Strategies
by collaborating with other students to analyze risks inherent in business travel
by submitting a paper to the instructor outlining the risks international business travelers face
by applying risk management strategies to these risks
by verbally communicating the risks and strategies to the class
by exhibiting preparedness and readiness for international travel
Criteria
your written presentation shows a clear understanding of international travel risks
your risk management strategies provide a justifiable method of handling the risks
your strategies are feasible
your reflection indicates an understanding of the applicability of risk management strategies to all aspects of business