Jamison's approach helps you to identify critical exposures to loss
within your business. We work to analyze exposures and their impact on
your organization. We look at a client's ability to continue its
business after the physical facilities are damaged or what steps need to
be taken to continue operations.
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The Risk Analysis process consists of:
- Qualitative Analysis ("What")
· Review and Categorize Exposures
· Identify Clear Frequency and Severity Patterns
· Develop Assumptions, Alternatives, Options
· Weigh Contract and Compliance Issues
- Quantitative Measurement ("How Much?")
· Quantify Exposures
· Project Losses
· Determine Cost of Risk
- Considerations associated with Risk Analysis consist of:
· Frequency vs. Severity
· Statistics and Probabilities
· Expected Losses
· Net Present Values
· Cost of Risk
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