CPCU 500 Pre Exam Questions With Complete Solutions 2024

insurtech - Answer the use of emerging technologies in the insurance industry connected ecosystem - Answer The emerging technologies applied to risk assessment and control link the physical domain to the virtual domain. Together, these domains linked by the emerging technologies create a mechanical sensors - Answer pressure sensors, flow sensors, motion detectors biochemical sensors - Answer home diagnostic tests, wearable fitness monitors, diabetes test strips/meters/patches thermal sensors - Answer smoke detectors, heat sensors, computer hardware sensors radiant sensors - Answer optical sensors, radar, radio frequency identification (RFID) tags transducer - Answer A device that converts energy from one form to another actuator - Answer mechanical device that turns energy into motion or otherwise effectuates a change in position or rotation using a signal and energy source accelerometer - Answer A device that measures acceleration, motion, and tilt risk management framework focus - Answer applying the RM process throughout the organization pure risk - Answer a risk that presents the chance of loss but no opportunity for gain