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The Past and future of loss financing

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      <subfield code="a">Davis, James V.</subfield>
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      <subfield code="a">The Past and future of loss financing</subfield>
      <subfield code="c">by James V. Davis</subfield>
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      <subfield code="a">One of the major changes in risk management in the 1970s and 1980s has been the evolution of loss financing. Prior to these two decades, risk managers'responsibilities ordinarily had entailed risk identification and assessment, design of coverages to fit the risks identified, and input into the loss control and loss prevention process. Expected losses, if such a number had been specified, were normally transferred to insurance companies. For the first two thirds of his century, risk managers were buyers of insurance for the most part instead of individuals who chose among competing loss financing program desings.</subfield>
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      <subfield code="u">http://www.genevaassociation.org/PDF/Geneva_papers_on_Risk_and_Insurance/GA1992_GP17(64)_Davis.pdf</subfield>
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