16485055
Descrição
FlashCards por Genevieve Gagnon, atualizado more than 1 year ago
|
Criado por Genevieve Gagnon
mais de 5 anos atrás
|
|
| Questão | Responda |
| 3 important actions an insurer should do concerning its earthquake exposure | 1. Measure 2. Monitor 3. Limit according to a prudent risk appetite and risk tolerance |
| 3 technique to manage the risk | 1. Avoidance 2. Risk Transfer 3. Limit |
| Why is important to have comprehensive policies and procedures | 1. Complexities of earthquake exposure risk management 2. Potential high severity losses 3. Difficult to mitigate the risks post-event 4. High public profile |
| Factors that affect Earthquake Exposure Risk Management: | 1. size; 2. ownership structure; 3. nature, 4. scope and complexity of operations; 5. corporate strategy; 6. risk profile. |
| Define PML | Threshold dollar value of losses beyond which losses caused by a major earthquake are unlikely. Probabilistic models: PML is return period loss, which is defined as the dollar level of loss expected to be exceeded once in every X years. |
Quer criar seus próprios Flashcards gratuitos com GoConqr? Saiba mais.