Risk Transfer A Complete Guide - 2020 Edition. Gerardus Blokdyk
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59. What is the cost to transfer the risk?
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60. Which is the cost of replacing the existing property exactly at the current price?
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61. What charts has the team used to display the components of variation in the process?
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62. Are appropriate historical cost data used in the estimate?
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63. Is there sufficient knowledge about climate change impacts and adaptation?
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64. Can data and analytics overcome Basis Risk?
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65. How does your organization of infrastructure repair impact insurance?
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66. What is the opportunity cost of buying insurance?
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67. What users will be impacted?
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68. Does the board understand the insurance coverage in place and its impact on potential claims?
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69. What key measures identified indicate the performance of the stakeholder process?
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70. What data should be analyzed to predict the claims of export credit insurance?
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71. Which methods of risk identification and quantification do you know?
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72. How long to keep data and how to manage retention costs?
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73. Are process variation components displayed/communicated using suitable charts, graphs, plots?
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74. How can that cause significant disruption to that particular investors portfolio if something goes wrong?
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Add up total points for this section: _____ = Total points for this section
Divided by: ______ (number of statements answered) = ______ Average score for this section
Transfer your score to the Risk transfer Index at the beginning of the Self-Assessment.
CRITERION #4: ANALYZE:
INTENT: Analyze causes, assumptions and hypotheses.
In my belief, the answer to this question is clearly defined:
5 Strongly Agree
4 Agree
3 Neutral
2 Disagree
1 Strongly Disagree
1. What are the key findings of the data?
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2. Is the performance gap determined?
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3. Are there enough various data available for statistical modelling purposes?
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4. How sensitive is the data, and what are the necessary minimum security controls?
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5. What are the greatest opportunities for your organization?
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6. How will the data be checked for quality?
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7. Is the Risk transfer process severely broken such that a re-design is necessary?
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8. Does your investment process allow short-selling?
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9. How was the detailed process map generated, verified, and validated?
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10. Can the data and service be easily moved to another provider?
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11. Were any designed experiments used to generate additional insight into the data analysis?
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12. What Risk transfer data should be managed?
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13. Who should be involved in the evaluation process, and who makes the decisions?
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14. Were Pareto charts (or similar) used to portray the ‘heavy hitters’ (or key sources of variation)?
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15. What quality tools were used to get through the analyze phase?
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16. Are gaps between current performance and the goal performance identified?
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17. What are the revised rough estimates of the financial savings/opportunity for Risk transfer improvements?
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18. What quality control measures will be used when entering data?
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19. Do you believe that acceptance of data sharing will increase overall?
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20. Where are you seeing growth opportunities for captives today?
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21. What did the team gain from developing a sub-process map?
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22. What are the processes for audit reporting and management?
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23. Which data needs to be collected to implement the mentioned approaches?
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24. Did any additional data need to be collected?
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25. What tools were used to generate the list of possible causes?
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26. How is the confidentiality, integrity and availability of data maintained?
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27. What is the cost of poor quality as supported by the team’s analysis?
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28. How does your organization identify opportunities for innovation?
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29. When should a process be art not science?
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30. Was a cause-and-effect diagram used to explore the different types of causes (or sources of variation)?
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31. Are internal controls inadequate in your organizations data processing area?
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32. Was a detailed process map created to amplify critical steps of the ‘as is’ stakeholder process?
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33. What systems/processes must you excel at?
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34. Where will multiple data backups be stored?
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