CIA.REINS Flashcards
1
Q
list the key principles of risk transfer assessment (4)
A
KP1:
- use quantitative and/or qualitative approaches depending on information available
KP2:
- use professional judgment
KP3:
- consider overall agreement (all verbal & non-verbal agreements)
KP4:
- check risk transfer at inception of contract
(& re-check whenever changes affect future cash flows)
2
Q
2 broad categories of risk-limiting contract features
A
- terms set in advance
- experience-based renewals (EBR)
