Relacionar Columnas Risk management matrixVersión en línea Risk management matrix por Ryan Brown 1 Low High 2 3rd part of Parts of an Insurance Contract 3 4th step in The claims process 4 4th step in The Risk Management Process 5 1 step in The Risk Management Process 6 3rd step in The claims process 7 High Low 8 3rd step in The Risk Management Process 9 2nd step in The claims process 10 4th part of Parts of an Insurance Contract 11 5th part of Parts of an Insurance Contract 12 2nd step in The Risk Management Process 13 1st step in The claims process 14 1st Parts of an Insurance Contract 15 2nd part of Parts of an Insurance Contract 16 Low Low 17 6th part of Parts of an Insurance Contract 18 High High verify that a loss occurred pay the claim (if covered) and assist the insured Retention Avoidance Conditions: provisions that limit or qualify the insurer’s promise to perform. (e.g. “we will not be liable if…” or “coverage is suspended if…”) Implement, monitor, and adjust the risk treatment plan as necessary Identify the loss exposures Declarations: statements about the life, activity, or property that is insured. Usually the first page of the contract (the “dec page”). Miscellaneous Provisions: catch-all category … how subrogation is handled, termination rights, how valuation disputes are resolved, etc. Select the appropriate risk treatment method(s) Risk Control determine the value of the loss Definitions: a glossary of key terms and how the terms are defined. Why is this section needed? determine if the loss is covered Measure and analyze the loss exposures Transfer Insuring Agreement: summary of the major promises of the insurer. It can be “all-risks” (aka “open perils”) or “named-perils” Exclusions: list of property, losses, and/or perils not covered by the policy.
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