100% TRUSTED,
trusted solutions
INS3705
Assignment 2
DUE August
2024 [Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
,
, INS3705 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE
August 2024 ; 100% TRUSTED, trusted solutions
QUESTION 1 Identify four knowledge management processes in any
organisation of your choice and discuss the purpose of each knowledge
management process and two examples of artificial intelligent
technologies that can be used in each of the knowledge management
processes (mini essay). [10)
Risk modeling is vital in risk management. One way models are used is
looking at a company's insurance coverage. The solvency model is a part of it.
It's incredibly important specifically for insurance companies.
Insurance companies use it to refine their strategy. They see how much
capital they need. The models identify their greatest sources of risk. They
understand the outcomes of their choices. It basically helps insurers. Helps
them make sense of their world. From a risky business standpoint.
Models establish best practices too. Aids in managing risk. Solvency modeling
establishes guidelines. Guidelines the whole team can follow. They assure a
uniform risk management protocol.
Handling this risk effectively involves making sure many things are in place.
Solvency modeling achieves that. By using simulated scenarios, companies
build knowledge about risk. None of this is a guarantee.
It's not easy. The financial world is tricky and risky. A way to navigate is by
taking our best guess. Though, calculated risks can pay off big time.
trusted solutions
INS3705
Assignment 2
DUE August
2024 [Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
,
, INS3705 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE
August 2024 ; 100% TRUSTED, trusted solutions
QUESTION 1 Identify four knowledge management processes in any
organisation of your choice and discuss the purpose of each knowledge
management process and two examples of artificial intelligent
technologies that can be used in each of the knowledge management
processes (mini essay). [10)
Risk modeling is vital in risk management. One way models are used is
looking at a company's insurance coverage. The solvency model is a part of it.
It's incredibly important specifically for insurance companies.
Insurance companies use it to refine their strategy. They see how much
capital they need. The models identify their greatest sources of risk. They
understand the outcomes of their choices. It basically helps insurers. Helps
them make sense of their world. From a risky business standpoint.
Models establish best practices too. Aids in managing risk. Solvency modeling
establishes guidelines. Guidelines the whole team can follow. They assure a
uniform risk management protocol.
Handling this risk effectively involves making sure many things are in place.
Solvency modeling achieves that. By using simulated scenarios, companies
build knowledge about risk. None of this is a guarantee.
It's not easy. The financial world is tricky and risky. A way to navigate is by
taking our best guess. Though, calculated risks can pay off big time.
