Risk Management for Enterprises and Individuals

Reviewed by Sang-Phil Kim, Assistant Professor, Winona State University on 8/21/16

Comprehensiveness rating: 4

The text covers a broad range of areas, especially insurance industries even though it has a weak theoretical foundation part. It would be a good textbook for undergraduate business students.

Content Accuracy rating: 5

Content is accurate.

Relevance/Longevity rating: 4

Content seems up-to-date. And it will not require a significant effort to update.

Clarity rating: 4

The text is written in legible and accessible prose.

Consistency rating: 5

The text is written in consistent style and with contemporary terminology.

Modularity rating: 5

The text consists 23 chapters. Definitely some chapters are impossible to stand alone. However, it would be easy to find a group of chapters that can stand alone as a group and can be a prat of a reorganized textbook. Each chapter starts with its own introduction. It is also helpful for modularity.

Organization/Structure/Flow rating: 4

Organization of chapters looks great. All the related chapters stick together. And I don't see any problem in structure and flow inside a chapter, either.

Interface rating: 4

I don't see any serious problem in interface.

Grammatical Errors rating: 5

I don't find any grammatical errors.

Cultural Relevance rating: 2

The text is not culturally insensitive or offensive in any way. I am rating this text 'low', not because it does a bad job, but because it isn't related. I don't think Cultural issue can be a big problem in this context, because Risk management and insurance are mainly not about interaction between persons. And also it is not easy to include cultural variety in the context.

As I mentioned above, it does't provide a enough theoretical/mathematical foundation of risk, but, it covers pretty wide range of topics in risk management and insurance. Therefore, it can serve for undergraduate business students, without requiring a high quantitative ability.