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3 Cards in this Set
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- Back
- 3rd side (hint)
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External Environment Factors |
CREATE GREAT LISTS
Commercial issues such as competition and the underwriting cycle Regulation and legislation Environmental issues Accounting standards Tax Economic issues such as interest rates, inflation, growth and exchange rates Governance Risk management requirements Experience from overseas Adequacy of capital Trends – demographic Lifestyle considerations Institutional structure (eg mutual or proprietary) Social trends Technology State benefits
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To remember all this you've got to... |
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What does a simple approach to problem solving involve? |
AQua MInCe Analyse situations, products and projects to determine the risks to which they are fully exposed. Quantify the financial consequences of risk events occurring Monitor the situation and the risk management procedures implemented as time develops In the light of experience, modify or change the risk management approaches adopted Consider and quantify appropriate methods of managing, mitigating or transferring risks |
Mushy, processed soft tissue of animals |
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Types of advice |
FIR Factual advice Indicative advice Recommendations |
A type of tree or something mammals use to keep warm. |
