CISR - Elements of Risk Management
Questions with Correct Answers 2025
AG____GisGaGcauseGofGlossG-GCORRECTGANSWERG-peril
AGsituation,Gbehavior,GorGconditionGthatGmayGleadGtoGadverseGfinancialGconsequencesG-
GCORRECTGANSWERG-exposure
AGcyberattackGisGanGexampleGofGaG____G-GCORRECTGANSWERG-peril
AnGInsuredGwhoGshowsGnoGregardGforGhisGinsuredGpropertyGdemonstratesGaG-
GCORRECTGANSWERG-moraleGhazard
AGspillGonGaGsupermarketGaisleGisGanGexampleGofGaG____GbecauseGitGincreasesGtheGlikelihoodGthatGs
omeoneGwillGfallG-GCORRECTGANSWERG-hazard
AGpassengerGentersGanGelevator.GHisGclothingGisGcaughtGinGtheGelevatorGdoorGasGtheGdoorGcloses.GT
heGpassengerGsnatchesGtheGclothingGfromGtheGdoorGbeforeGtheGelevatorGbeginsGtoGmove.GHeGisGun
injuredGandGhisGclothesGareGnotGdamaged.G-GCORRECTGANSWERG-incident
AGmixingGpaddleGonGaGfaultyGbakeryGmixerGsnapsGandGstrikesGanGemployee'sGhand.GTheGemployee'
sGhandGisGcutGandGbleedingG-GCORRECTGANSWERG-accident
AGdriverGisGatGfaultGinGaGminorGautoGaccident.GTheGotherGdriverGisGuninjured,GbutGtheGbumperGonGh
erGcarGrequiresGrepairs.GTheGotherGdriverGdemandsGthatGtheGat-
faultGdriver'sGinsuranceGcompanyGpayGforGtheGloss.G-GCORRECTGANSWERG-claim
TheGtotalGdollarGamountGofGallGlossesGforGaGgivenGperiodGofGtimeG-GCORRECTGANSWERG-severity
, AGlossGhasGoccurredGbutGisGunlikelyGtoGoccurGagainGinGtheGfutureG-GCORRECTGANSWERG-
lowGfrequency
AnGorganization'sGtoleranceGforGriskG-GCORRECTGANSWERG-riskGappetite
TheGproductGofGlossGfrequencyGmultipliedGbyGlossGseverityG-GCORRECTGANSWERG-expectedGlosses
TheGtotalGamountGofGlossesGinGaGgivenGperiodGdividedGbyGtheGtotalGnumberGofGclaimsG-
GCORRECTGANSWERG-averageGseverity
AGlossGexpectedGtoGcontinueGoccurringGregularlyG-GCORRECTGANSWERG-highGfrequency
AGcauseGofGlossG-GCORRECTGANSWERG-peril
AnGunplannedGeventGdefiniteGasGtoGtimeGandGplaceGthatGresultsGinGinjuryGorGdamageGtoGaGpersonG
orGpropertyG-GCORRECTGANSWERG-accident
AnGeventGthatGdisruptsGnormalGactivitiesGandGmayGbecomeGaGlossGorGbusinessGinterruptionG-
GCORRECTGANSWERG-incident
AGdemandGforGpaymentGorGanGobligationGtoGpayGasGaGresultGofGaGlossGorGoccurrenceG-
GCORRECTGANSWERG-claim
AGsituation,Gpractice,GorGconditionGthatGmayGleadGtoGanGadverseGfinancialGconsequenceGorGloss;Ga
nGactivityGorGresource;GpeopleGorGassetsG-GCORRECTGANSWERG-exposure
AGreductionGinGvalueG-GCORRECTGANSWERG-loss
Questions with Correct Answers 2025
AG____GisGaGcauseGofGlossG-GCORRECTGANSWERG-peril
AGsituation,Gbehavior,GorGconditionGthatGmayGleadGtoGadverseGfinancialGconsequencesG-
GCORRECTGANSWERG-exposure
AGcyberattackGisGanGexampleGofGaG____G-GCORRECTGANSWERG-peril
AnGInsuredGwhoGshowsGnoGregardGforGhisGinsuredGpropertyGdemonstratesGaG-
GCORRECTGANSWERG-moraleGhazard
AGspillGonGaGsupermarketGaisleGisGanGexampleGofGaG____GbecauseGitGincreasesGtheGlikelihoodGthatGs
omeoneGwillGfallG-GCORRECTGANSWERG-hazard
AGpassengerGentersGanGelevator.GHisGclothingGisGcaughtGinGtheGelevatorGdoorGasGtheGdoorGcloses.GT
heGpassengerGsnatchesGtheGclothingGfromGtheGdoorGbeforeGtheGelevatorGbeginsGtoGmove.GHeGisGun
injuredGandGhisGclothesGareGnotGdamaged.G-GCORRECTGANSWERG-incident
AGmixingGpaddleGonGaGfaultyGbakeryGmixerGsnapsGandGstrikesGanGemployee'sGhand.GTheGemployee'
sGhandGisGcutGandGbleedingG-GCORRECTGANSWERG-accident
AGdriverGisGatGfaultGinGaGminorGautoGaccident.GTheGotherGdriverGisGuninjured,GbutGtheGbumperGonGh
erGcarGrequiresGrepairs.GTheGotherGdriverGdemandsGthatGtheGat-
faultGdriver'sGinsuranceGcompanyGpayGforGtheGloss.G-GCORRECTGANSWERG-claim
TheGtotalGdollarGamountGofGallGlossesGforGaGgivenGperiodGofGtimeG-GCORRECTGANSWERG-severity
, AGlossGhasGoccurredGbutGisGunlikelyGtoGoccurGagainGinGtheGfutureG-GCORRECTGANSWERG-
lowGfrequency
AnGorganization'sGtoleranceGforGriskG-GCORRECTGANSWERG-riskGappetite
TheGproductGofGlossGfrequencyGmultipliedGbyGlossGseverityG-GCORRECTGANSWERG-expectedGlosses
TheGtotalGamountGofGlossesGinGaGgivenGperiodGdividedGbyGtheGtotalGnumberGofGclaimsG-
GCORRECTGANSWERG-averageGseverity
AGlossGexpectedGtoGcontinueGoccurringGregularlyG-GCORRECTGANSWERG-highGfrequency
AGcauseGofGlossG-GCORRECTGANSWERG-peril
AnGunplannedGeventGdefiniteGasGtoGtimeGandGplaceGthatGresultsGinGinjuryGorGdamageGtoGaGpersonG
orGpropertyG-GCORRECTGANSWERG-accident
AnGeventGthatGdisruptsGnormalGactivitiesGandGmayGbecomeGaGlossGorGbusinessGinterruptionG-
GCORRECTGANSWERG-incident
AGdemandGforGpaymentGorGanGobligationGtoGpayGasGaGresultGofGaGlossGorGoccurrenceG-
GCORRECTGANSWERG-claim
AGsituation,Gpractice,GorGconditionGthatGmayGleadGtoGanGadverseGfinancialGconsequenceGorGloss;Ga
nGactivityGorGresource;GpeopleGorGassetsG-GCORRECTGANSWERG-exposure
AGreductionGinGvalueG-GCORRECTGANSWERG-loss