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