Earthquake Set 2

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

Resource summary

	Created by Genevieve Gagnon almost 7 years ago