The step that immediately follows identifying loss exposures is

The step that immediately follows identifying loss exposures is

• A. Analyze loss exposures.
• B. Implement the selected techniques.
• C. Monitor the results.
• D. Revise the risk management program.

Answer: (A)

Analyzing loss exposures is the next step after identifying them. This means evaluating each exposure to understand how likely it is to occur and how severe the potential loss could be, including the financial impact, the affected areas (property, liability, net income, etc.), current controls, and any regulatory considerations. This analysis helps prioritize which exposures pose the greatest risk and determines which risk-management techniques will provide the best cost‑benefit. Only after this assessment is made do you select techniques, implement them, then monitor results and revise the program as needed.

Analyzing loss exposures is the next step after identifying them. This means evaluating each exposure to understand how likely it is to occur and how severe the potential loss could be, including the financial impact, the affected areas (property, liability, net income, etc.), current controls, and any regulatory considerations. This analysis helps prioritize which exposures pose the greatest risk and determines which risk-management techniques will provide the best cost‑benefit. Only after this assessment is made do you select techniques, implement them, then monitor results and revise the program as needed.