Insurance Operations- Chapter 9 Problems
1. Explain how underwriters use predictive modeling to gain a competitive advantage.
2. Explain how insurers use modern IT support and decision-making tools and IT controls to facilitate risk initiatives.
3. Describe data required by underwriters.
4. Describe data required by actuaries.
5. Describe a transaction processing system (TPS) and identify its possible components and uses.
6. Describe the benefits and limitations of using an expert system (ES) to supplement or support human decision making.
7. Explain three sources of risk that can threaten data security.
8. List six best practices for backup that an organization can adopt to ensure data integrity and restoration.
9. Explain why insurers should be particularly aware of security breaches regarding invasion of privacy.
10. Describe an important way to track and measure the success of an IT project.
Text Book: "Entitles Insurance Operations 2nd edition".