Examine the application of statistical functions and derivatives as instruments for measuring risks.
You will assume the role of a senior analyst hired by a fictitious company, Premium Acceptance, a midsized property insurance carrier. Premium Acceptance is performing well with respect to several key performance indicators, including policies in force, policy retention, and new business counts.
One of your objectives as the newly appointed senior risk analyst is to develop a framework for managing loss ratios which is one of the firm’s largest key performance indicators. A loss ratio is simply the difference between the ratio of claims paid by an insurance carrier and the ratio of premiums paid. The board of directors depends on the ability to forecast loss ratios, which in turn enables them to forecast profitability metrics to the shareholders. The organization will now consider implementing the use of statistics for measuring risks.
Your deliverable should be composed in a report. Be sure to address the following items:
For help writing a business report, please use the guide found here.
F
F
C
B
A
0
1
2
3
4
Not Submitted
No Pass
Competence
Proficiency
Mastery
Not Submitted
An inaccurate overview of how statistics support the risk assessment process is given OR no overview of how statistics support the risk assessment process is given.
An accurate overview of how statistics support the risk assessment process is given. A definition of risk is included.
An accurate overview that includes specific examples of how statistics support the risk assessment process is given. A definition of risk is included.
A thorough and detailed overview that includes specific examples of how statistics support the risk assessment process is given. A definition of risk is included.
Not Submitted
Less than two valid statistical tools that can be used to measure risk are included.
At least two valid statistical tools that can be employed to measure risk are discussed.
At least two valid statistical tools that can be employed to measure risk are explained with details on specific applications.
More than two valid statistical tools that can be employed to measure risk are explained with details on specific applications.
Not Submitted
Does not correctly identify which tool will best serve the company’s purpose OR does not correctly explain why it is the best tool.
Correctly identifies which tool best serves the company’s purpose AND explains why it is the best tool.
Correctly identifies which tool best serves the company’s purpose AND explains why it is the best tool through specific examples of an application of the tool.
Correctly identifies which tool best serves the company’s purpose AND gives a thorough and detailed explanation of why it is the best tool. Includes specific examples of an application of the tool.
Not Submitted
Less than two valid ramifications of choosing not to use statistics in the risk assessment process are given.
At least two valid ramifications of choosing not to use statistics in the risk assessment process are given.
At least two valid ramifications of choosing not to use statistics in the risk assessment process are thoroughly explained.
More than two valid ramifications of choosing not to use statistics in the risk assessment process are thoroughly explained.
Sender notified by
Mailtrack 24/01/21, 07:27:24
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Our Services
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
Essays
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admissions
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Reviews
Editing Support
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
Reviews
Revision Support
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.