CPCU 500 - Managing Evolving Risks Questions And Answers Latest Top Score.
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CPCU 500 - Managing Evolving Risks
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CPCU 500 - Managing Evolving Risks
CPCU 500 - Managing Evolving Risks Questions And Answers Latest Top Score.
Big Data - correct answer. Sets of data that are too large to be gathered and
analyzed by traditional methods.
Smart product - correct answer. An innovative item that uses sensors; wireless senso...
CPCU 500 - Managing Evolving Risks
Questions And Answers Latest Top Score.
Big Data - correct answer. Sets of data that are too large to be gathered and
analyzed by traditional methods.
Smart product - correct answer. An innovative item that uses sensors; wireless
sensor
networks; and data collection, transmission, and
analysis to further enable the item to be faster, more
useful, or otherwise improved.
Internet of Things (IoT) - correct answer. A network of objects that transmit data to
and from
each other without human interaction.
Cloud computing - correct answer. Information, technology, and storage services
contractually provided from remote locations,
through the internet or another network, without a
direct server connection.
Blockchain - correct answer. A distributed digital ledger that facilitates secure
transactions without the need for a third party.
Telematics - correct answer. The use of technological devices in vehicles with
wireless communication and GPS tracking that
transmit data to businesses or government agencies;
some return information for the driver.
Text mining - correct answer. Obtaining information through language recognition.
, Insurtech - correct answer. The use of emerging technologies in the insurance
industry.
Sensor - correct answer. A device that detects and measures stimuli in its
environment.
Preventive analytics - correct answer. Statistical and analytical techniques used to
influence
or prevent future events or behaviors.
Transducer - correct answer. A device that converts one form of energy into
another.
Actuator - correct answer. A mechanical device that turns energy into motion or
otherwise effectuates a change in position or rotation
using a signal and an energy source.
Accelerometer - correct answer. A device that measures acceleration, motion, and
tilt.
Ergonomics - correct answer. The science of designing work space and equipment
based on the needs of the people who use the work
space and equipment.
Risk management
framework - correct answer. A foundation for applying the risk management
process throughout the organization.
Risk criteria - correct answer. Information used as a basis for measuring the
significance of a risk.
Pure risk - correct answer. A chance of loss or no loss, but no chance of gain.
Speculative risk - correct answer. A chance of loss, no loss, or gain.
Credit risk - correct answer. The risk that customers or other creditors will fail to
make promised payments as they come due.
Subjective risk - correct answer. The perceived amount of risk based on an
individual's
or organization's opinion.
Objective risk - correct answer. The measurable variation in uncertain outcomes
based on facts and data.
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