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Course 1 Vocab

This class was created by Brainscape user Kevin Goldsmith. Visit their profile to learn more about the creator.

By: Kevin Goldsmith
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Decks in this class (16)

Introduction to Risk Management
Probability 1,
Loss exposure 2,
Hazard 3
18  cards
Risk Control
Risk control 1,
Avoidance 2,
Loss prevention 3
9  cards
Risk Financing
Retention 1,
Transfer 2,
Primary layer 3
24  cards
Enterprise-Wide Risk Management
Pure risk 1,
Speculative risk 2,
Chief risk officer 3
4  cards
Insurance as a Risk Management Technique
Fortuitous loss 1
1  cards
Overview of Insurance Operations
Proprietary insurer 1,
Mutual insurer 2,
Reciprocal insurance exchange int...
10  cards
Insurance Marketing and Distribution
Producer 1,
Market intelligence 2,
Underwriting cycle 3
11  cards
The Underwriting Function
Policyholders surplus 1,
Capacity 2,
Underwriting authority 3
38  cards
Underwriting Property and Liability Insurance
Frame construction 1,
Joisted masonry construction 2,
Mill construction 3
41  cards
Risk Control and Premium Auditing
Premium audit 1,
Exposure unit unit of exposure 2,
Loss costs 3
7  cards
Overview of the Claim Function
Third party administrator tpa 1,
Independent adjuster 2,
Loss ratio 3
21  cards
Adjusting Property and Liability Claims
Depreciation 1,
Broad evidence rule 2,
Agreed amount 3
24  cards
Reinsurance
Reinsurance 1,
Primary insurer 2,
Reinsurer 3
60  cards
Insurer Strategic Management
Mission statement 1,
Swot analysis 2,
Functional structure 3
21  cards
The Underwriting Cycle
Profit cycle 1,
Structural change 2,
Operating ratio 3
11  cards
Actuarial Data Management
Metadata 1,
Statistical plan 2,
Statistical agent 3
13  cards

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Course 1 Vocab

  • Class purpose General learning

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