Risk Management Handbook for Insurance & Financial Professionals

Risk Management & Insurance: A Practical Guide for Professionals and Students

Risk is everywhere—but understanding it is what separates reactive decisions from strategic ones.

Risk Management & Insurance is a comprehensive, plain-language guide designed to help insurance professionals, finance professionals, business owners, and students master the foundations of modern risk management. This book goes beyond insurance products to explain why risks exist, how they should be evaluated, and when insurance is—or is not—the right solution.

Covering both personal and commercial risk, this book walks readers through the full risk management process, from identifying perils and building a risk register to applying risk control and risk financing techniques. Readers gain a deep understanding of insurance concepts such as pure vs. speculative risk, deductibles, coinsurance, policy limits, claims valuation methods, and insurable interest.

The book also bridges the gap between insurance and finance, with clear explanations of insurance company accounting, financial statements, entity structures, taxation, and licensing. Dedicated sections explore life insurance, health and disability insurance, personal and commercial property and casualty insurance, workers' compensation, cyber liability, travel insurance, and enterprise-wide risk management (ERM).

Written in an instructional yet accessible style, Risk Management & Insurance is ideal for:

Whether you're building an insurance program, managing organizational risk, or strengthening your professional knowledge, this book provides the practical framework needed to make informed, confident decisions in an increasingly complex risk environment.