1. For an organization (or part of an organization) of your choice: a) List and briefly explain the main pure loss exposures under the following headings: Asset Exposures Personnel Exposures Liability Exposures Consequential Loss Exposures b) For each loss exposure on your list, explain the method that is used by the organization to manage the risk; whether it is (i) controlled or (ii) financed. c) If the loss exposures identified, to your estimation, is being managed satisfactorily state the reason (s) you think it is. If it is not being satisfactorily managed explain why and provide suggestions on how the management of the risk may be improved.

It is known to be the amount of money that the investor could lose on an asset. Unilever pure loss exposure was seen on the disposal of plant and equipment, Operating profit/(loss) and Restructuring cost.

What is Personnel Exposures

Personnel Exposures is seen as a form of incident where a person comes in contact with any kind of hazardous chemical, radiological, etc., agents. Unilever Personnel Exposures includes employees exposure to chemical agents, road accident resulting in injuries, etc.

What is Consequential Loss Exposure

Consequential Loss Exposure is one that is said to be a lose due to indirect adverse effect as a result of damage to business property or equipment. Unilever Consequential Loss Exposure through damages to their property damage due to ethnic violence on their plantation, personal injury and death due to Homeworking, damages as a result of third party claims.

Assets exposure is one that is managed with financed and one can also use controlled method to reduce risk or damages to assets.

Personnel Exposures and Consequential Loss Exposure is one that should be manage by controlled method. Employees safety should be paramount and the use of safety equipment is advisable. The use and care for business property should be vital and one can still use finance to settle Consequential Loss Exposure.

The loss in the plantation due to ethnicity was managed satisfactorily as they use the best risk management technique for it and also settle it through controlled and Financial method.

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