Insurtech - Study guides, Class notes & Summaries

Describe the Loss Development Factor and explain its use - Answer factors applied to a current valuation of losses to determine an estimate of ultimate losses; these factors are calculated by comparing the period-to-period changes in values of loss reserves, under the assumption that current losses will be paid according to the same pattern as prior losses at similar states of development (history will repeat itself); loss development factors are frequently calculated separately for incurred los...

ARM 400 questions and answers latest 2023Encouraging 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. A. Cultivate two-way communication. Before speaking with a group or individual, the speaker should think about what he or she wants the other person...

A.R.M. 400 Exam Practice Exam 2023 With Correct Answers… 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 program goals is an essential goal f...

CPCU 500 Final Set Questions & Answers ERM (enterprise risk management) The comprehensive process of evaluating, measuring, and mitigating the many risks that pervade an organization. Big Data Capture, storage, and analysis of data Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More Smart Products Sense their environment, process data, and communicate with other smart products and smart operations ...

ARM 400 PRACTICE (TEST 1&2) Q&A with Correct Solutions Rated 100% Which of the following risk management program goals is an essential goal for all public entities? ANS-- Continuity of operations The fundamental purpose of a risk management framework is to ANS-- Integrate risk management throughout the organization. Which one of the following is a tool that can be used by fraud investigators to compare documents and analyze notes? ANS-- Text mining Samuel was recently hired as a risk...

Summary of Articles & Lectures, 2022-2023, Pages 16 Lecture 1: Introduction to Value Appropriation: Formal and Informal Protection Mechanisms - James, S. D., Leiblein, M. J., Lu, S. (2013), “How Firms Capture Value from their Innovations,” Journal of Management, 39(5): 1123–1155. - Sofka, W., de Faria, P., & Shehu, E. (2018). Protecting knowledge: How legal requirements to reveal information affect the importance of secrecy. Research Policy, 47(3), 558-572. - Schilling, M. (2010),...

Before speaking with a group or individual, the speaker should think about what he or she wants the other person(s) to do as a result of the conversation. Which one of the following steps in the communication process does the speaker complete by doing this? A. Analyze your audience B. Set aside judgement C. Set a clear communication objective D. Deliver a message the recipient(s) want to hear - Answer- C. Set a clear communication objective According to the law of large numbers, as the n...

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 - ...

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 program goals is an essential goal for all public entities? A. Earning stability B. ...

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. - Answer- A. Cultivate two-way communication. Before speaking with a group or individual, the speaker should think about what he or she wants the other person(s) to do as a result of the convers...