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RISK MANAGEMENT AND INSURANCE
(CPD2 505-781)
Part 1
AB International Holdings Inc. (ABI)
AB International is a company that generates huge revenues. Last year the
company consolidated year-end sales were $30 billion. The company has also
averaged an acquisition a year since its inception. It operates around the world. As the
first risk manager of the company, I would like to stress how important it is for ABI to set
up a proper insurance program that will enable the company to mitigate as well as to
transfer some of the risks that the company faces in its daily operations.
In order to properly explain the insurance program that is going to be
implemented started January 1st, 2014, all the risks insurable have been listed in the
table below with the corresponding insurance plan. ABI insurance program will also
include self-insurance strategies that are going to help reduce the cost of insurance as
well as transfer some of the risks.
Associate Risk Insurance Type
Third party liability stream:
- Casualty third party liability for General
