Insurtech - Study guides, Class notes & Summaries

ARM 400 Final Exam Questions With 100% Complete Solutions 2023/2024 (Graded A+). Mutual Fund Company (MFC) offers a wide array of mutual fund options to investors. Each mutual fund has a different fund objective and set of investment guidelines that apply to the fund. While MFC gives considerable freedom to its fund portfolio managers, they are required to abide by the fund's investment guidelines. To monitor compliance, MFC developed a computer algorithm. The computer algorithm continuousl...

ARM 400 Exam Review Questions With 100% complete Solutions 2023/2024 (Graded A+). When communicating a decision up the organization's chain of command, consulting with outside experts can help a risk management professional do which one of the following? A. Define the organization's risk appetite B. Stay focused on the organization's objectives C. Enhance stakeholders' confidence in the process D. Seek feedback from stakeholders - Answer- C. Enhance stakeholders' confidence in the pr...

ARM 400 Exam Questions and Answers 100% Verified Encouraging the expression of feelings as well as facts and following up with employees on the problems they report are two ways that managers and supervisors can A. Cultivate two-way communication. B. Facilitate active listening. C. Support diverse groups. D. Maintain control of the conversation. - answerA. Cultivate two-way communication. Before speaking with a group or individual, the speaker should think about what he or she wants the...

Risktech Correct Answer Risk monitoring and mitigation technology Focus on making risk financing more efficient to include how to prevent and mitigate risk in a variety of industries. Emerging technilogies coupled with smart products. Insurtech Correct Answer The use of emerging technologies in the insurance industry. Sensor Correct Answer A device that detects and measures stimuli in its environment. Smart sensors can take it a step further and trigger remedial actions. Preventativ...

CPCU 500 Questions and Answers insurtech the use of emerging technologies in the insurance industry connected ecosystem The emerging technologies applied to risk assessment and control link the physical domain to the virtual domain. Together, these domains linked by the emerging technologies create a Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More mechanical sensors pressure sensors, flow sensors, mo...

ARM 400 EXAM 2024| 240+ REAL EXAM QUESTIONS AND ANSWERS ALREADY GRADED A+ When communicating a decision up the organization's chain of command, consulting with outside experts can help a risk management professional do which one of the following? A. Seek feedback from stakeholders B. Stay focused on the organization's objectives C. Define the organization's risk appetite D. Enhance stakeholders' confidence in the process - D Which of the following risk management prog...

Big Data - Answer- Set of data that are too large to be gathered and analysed by traditional data. Strategic Redeployment Plan - Answer- a comprehensive plan for resiliency after a severe disruption Business Impact Analysis (BIA) - Answer- assesses identified risks and determines their overall effect on the firm's ability to meet its key objectives Risk Managers - Answer- identify, evaluate and treat risks within stated risk appetites and risk tolerances. The risk management team monit...

SRP stages - Answer -emergency stage -alternative marketing stage -contingency production stage -communication stage strategic redeployment plan - Answer determines how to resume operations in a way that repairs an org's reputation and ensures its recovery and survival; when BCPs fail BCP elements - Answer -time goal -operational goal -resources needed -details tasks and procedures -documentation risk-transfer model - Answer purchasing BI insurance prioritization model - Answ...

Big Data Sets of data that are too large to be gathered and analyzed by traditional methods. Smart product An innovative item that uses sensors; wireless sensor networks; and data collection, transmission, and analysis to further enable the item to be faster, more useful, or otherwise improved. Internet of Things (IoT) A network of objects that transmit data to and from each other without human interaction. Cloud computing Information, technology, and storage servic...

Three types of Insurance Company and Management Stuctures - Answer 1. Stock Insurance Company 2. Mutual Insurance Company 3. Reciprocal Stock Insurance Company - Answer an incorporated insurance company owned by STOCKHOLDERS the stockholders elect the corporation's board of directors stockholders may or may not be policy holders What is the objective of a Stock Insurance Company? - Answer To make a profit for its stockholders Profits may be shared by forms of stock dividends ...