This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: West Coast Insurance writes property and liability insurance in California, Oregon, and Washington. ... (Read 127 times)

awywial

  • Hero Member
  • *****
  • 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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

iceage

  • Guest
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

Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

A herd of Roosevelt Elk in Redwood National and State Parks, California A herd of Roosevelt Elk in Redwood National and State Parks, California
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Exploration of the Colorado River of the West and its Tributaries. Exploration of the Colorado River of the West and its Tributaries.
In this 1921 photo of a one-room schoolhouse in Marey, West Virginia, you can see how public ... In this 1921 photo of a one-room schoolhouse in Marey, West Virginia, you can see how public ...
The West Bank Challenge The West Bank Challenge
Video: Hypoglycemia Animation

For a complete list of videos, visit our video library