Flashcards
Earthquake Set 2
Cards in this deck (6)
- 1Name 5 Earthquake Key Principles1. Earthquake Exposure Risk Management
2. Earthquake Exposure Data
3. Earthquake Models
4. PML Estimates
5. Financial Resources and Contingency Plans - 2Describe Eqk Risk MngtSound and comprehensive earthquake exposure policies and procedures overseen and implemented by senior management
- 3There are 8 elements in Risk Mngt Policies and Procedures: Name 21. risk appetite and risk tolerance for earthquake insurance;
2. data management practices - 4Earthquake Exposure DataAppropriately captured and regularly tested for consistency, accuracy and completeness
- 5Why is it important to have good earthquake exposure data?1. risk transfer,
2. pricing
3. monitoring against limits
4. catastrophe modeling. - 6Elements of the Data Policies and Procedures1. Data Integrity
2. Data Verification
3. Data Limitation