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Risks Asset Mitigates, Risk X Asset - Coggle Diagram
Risks Asset Mitigates
Underwriting Risk
Rate Filing
Regulatory Risk
Operational
IBNR Valuation
Expense Risk
Liquidity
Investment
Catastrophe Risk
Capital
Risk X Asset
Revenue
Pricing
Loss due to incorrect rates determined.
Overpricing
Underpricing
Loss due to inefficient rate monitoring
Reserve
Capital
Pricing
Premium Rate Setting
Underpricing Loss
Premiums collected << Claims cost
Profitability risk
Overpricing Loss
Loss of customers
Imbalance in risk pool
Penalties from non compliance of rate standards
Premium Rate Monitoring
Adjust premium rate as per market trends
Adjust premium rate as per economic factors
Reserving
Capital