ARM 400 - Risk Management Today Questions with Correct Answers

Risktech Correct Answer Risk monitoring and mitigation technology Focus on making risk financing more efficient to include how to prevent and mitigate risk in a variety of industries. Emerging technilogies coupled with smart products. 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. Smart sensors can take it a step further and trigger remedial actions. Preventative Analytics Correct Answer Statistical and analytical techniques used to influence or prevent future events or behaviors. PA leverages modern tech, big data, and advanced analytics to identify root causes and their interactions. Forward looking Risktech Ecosystem Correct Answer Includes emerging technologies, smart products and operations, and big data analytics. Artificial Intelligence Correct Answer Refers to the ability of machines to simulate human intelligence Deep Learning Correct Answer An extension of AI that attempts to understand and mimic neural networks in the brain through software that stimulates image and speech recognition. Transducer Correct Answer A device that converts one form of energy into another