JOKER🤡 @DistinctProff

Standard and Poor’s (S&P), AM Best, Moody's, and Fitch. RATIONALE: All customers purchasing an insurance contract are simply buying a promise that the insurer will honour all valid claims as and when they become due.

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RISK @OGWke

2 months ago

DID YOU KNOW~ Credit rating agencies (CRAs) are companies that assess the financial strength of companies to pay their debts, especially their ability to meet principal and interest payments. Four main CRAs that provide financial strength ratings for insurance companies are /-

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RISK @OGWke

2 months ago

Risk vs Audit✅️

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RISK @OGWke

2 months ago

Risk management

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RISK @OGWke

2 months ago

Reverse stress tests are stress tests that require a firm to assess scenarios and circumstances that would render its business model unviable, thereby identifying potential business vulnerabilities. e.g trending based on Heha Movers comics

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RISK @OGWke

2 months ago

Risks should first be identified and measured to determine the capital required to cover them, i.e., the required solvency margin. Actuarial risks in general insurance include premium risk, claim reserve adequacy, catastrophic risk, and reinsurance risk. #INSURANCE✅

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RISK @OGWke

2 months ago

SOLVENCY The importance of solvency, as insurance companies’ long-term ability to pay their liabilities stems from the primary function of insurance, which is providing protection against risk. In the context of risk-based approaches, 1/

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RISK @OGWke

2 months ago

KINDLY Educate your sons that they do not have to tolerate bad attitudes and entitlement from poorly raised women for them to be seen as a GOOD MEN.

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RISK @OGWke

2 months ago

I learnt today the partial safety factor of concrete is 1.05 reference to BS 8110-1 1997

Amata.⚙️ @Eurocode_2

2 months ago

Design is cool man...everyday you discover sth new and the best part is it's relatable from what is taught in class ...

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RISK @OGWke

10 hours ago

PML is the largest monetary loss expected from a single event under reasonably probable conditions. Assumes that key safety and mitigation systems (like fire sprinklers, alarms, or flood barriers) partially function. Low EML is the maximum loss expected in a realistic severe