Describe four market risks ltd encounters

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Reference no: EM133847046

Assignment

Instructions

LTD Acceptance (a fictitious company) is a private auto insurance carrier specializing in sports cars and motorcycles. LTD Capital, a large equity group with over 15 holdings, owns LTD Acceptance. LTD Acceptance is the parent company's largest holding, driving 70% of total revenue. Due to the inherent risk in that market segment, many of LTD Acceptance's competitors do not offer sports cars or motorcycle policies. This market segment is underserved, and LTD Acceptance organization currently has 20,000 active sports car and motorcycle policies.

LTD is headquartered in Houston, TX. LTD does not sell insurance directly to the public. Instead, it uses third-party agents to sell its policies. LTD handles all customer service needs, including claims intake, policy services, and general questions. The company operates in four states: California, Texas, Louisiana, and Florida. LTD does not have an active system to ensure that its agents use LTD guidelines to screen potential policyholders. However, no evidence of negligence has emerged as the organization has yet to have a year in which it was not profitable. LTD has also had the good fortune of not suffering losses because of natural disasters or catastrophic events.

In your first days of your new role as the senior risk analyst, you know your first task is to complete a framework for adequately identifying risk exposures. During this process, you realize that many of your counterparts lack a basic understanding of identifying risks. Your supervisor has come to you and asked for a report outlining the importance of identifying risks to support risk management activities and positively impact the company's bottom line. If your counterparts do not understand your report, you know you will have minimal support in managing the organization's risks effectively.

For your report, you have been asked to analyze and address the following:

1. Describe 4 examples as to why identifying risk exposures is significant and what are the ramifications for organizations that fail to identify risks they are exposed to properly.

2. Describe 4 market risks LTD encounters.

3. Describe 4 business risks LTD encounters in its day-to-day operations.

4. Describe 4 compliance and 4 human capital risks LTD might face.

5. List and describe 3 risk management activities that correlate with overall productivity.

Reference no: EM133847046

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