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Author Question: West Coast Insurance writes property and liability insurance in California, Oregon, and Washington. ... (Read 144 times)

awywial

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  • Posts: 577
on: Jul 11, 2018
West Coast Insurance writes property and liability insurance in California, Oregon, and Washington. These states are all susceptible to earthquakes.
 
  To help determine how much reinsurance to purchase, West Coast Insurance hired an organization to use a computer algorithm to estimate what its insured losses would be if a severe earthquake occurred. West Coast Insurance based its purchase of reinsurance on the loss estimates. This scenario illustrates using
  A) value-at-risk analysis.
  B) catastrophe modeling.
  C) risk mapping.
  D) a risk management information system.

Question 2

A risk manager analyzed fleet accident data to help determine which loss control measures would provide the greatest safety incentives for drivers. Examining data to generate information that will help make more informed decisions is called
 
  A) predictive analytics.
  B) catastrophe modeling.
  C) sensitivity analysis.
  D) data mining.


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iceage

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: A


awywial

  • Member
  • Posts: 577
Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

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