You are the manager of a local Big Box Retail store. Your district manager would like to know how this risk management class has helped you understand why a risk manager should understand the insurance industry. She specifically wants to know:

1. What are some of the types of insurers that would be important for you to understand as a manager for one of her stores? Why? She would like you to use the material from your reading assignments to support your thoughts.

2. Which ONE of the important insurance company operations should she understand as a regional manager? She would like you to explain why and use material from your text to support your response.

3. She would also like you to tell him why it would be important to understand the financial operations of insurers that insure the risk for Big Box Retail corporation. She would specifically like to know about rate making and why she should understand this process as a district manager for the corporation.

4. Lastly, she read some news that one of the insurers that insurers Big Box has solvency issues. She would like you to tell him what this means and how it could impact the retail organization.