Relacionar Columnas Risk management matrixVersión en línea Risk management matrix por Ryan Brown 1 Low Low 2 4th step in The Risk Management Process 3 4th step in The claims process 4 4th part of Parts of an Insurance Contract 5 6th part of Parts of an Insurance Contract 6 High High 7 3rd step in The claims process 8 Low High 9 2nd part of Parts of an Insurance Contract 10 2nd step in The Risk Management Process 11 1 step in The Risk Management Process 12 2nd step in The claims process 13 1st step in The claims process 14 3rd part of Parts of an Insurance Contract 15 1st Parts of an Insurance Contract 16 3rd step in The Risk Management Process 17 5th part of Parts of an Insurance Contract 18 High Low Select the appropriate risk treatment method(s) Measure and analyze the loss exposures 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. Declarations: statements about the life, activity, or property that is insured. Usually the first page of the contract (the “dec page”). Avoidance Retention Risk Control pay the claim (if covered) and assist the insured Identify the loss exposures determine if the loss is covered determine the value of the loss 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…”) Transfer Definitions: a glossary of key terms and how the terms are defined. Why is this section needed? verify that a loss occurred Miscellaneous Provisions: catch-all category … how subrogation is handled, termination rights, how valuation disputes are resolved, etc. Implement, monitor, and adjust the risk treatment plan as necessary
Crear