Risk controls Flashcards

1
Q

Acronym

A

MISREADS CRISPS

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2
Q

M

A

Monitoring expenses process etc

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3
Q

I(1)

A

Initial underwriting

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4
Q

S(1)

A

Surveys on customer satisfaction

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5
Q

R(1)

A

Reinsurance

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6
Q

E

A

External audit

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7
Q

A

A

Actual vs expected experience

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8
Q

D

A

Distribution channel process

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9
Q

S(2)

A

Staff training

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10
Q

C

A

Claim management

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11
Q

R(2)

A

Regulation

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12
Q

I(2)

A

Investment mandates

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13
Q

S(3)

A

System testing and project management controls

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14
Q

P

A

Policy data checks

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15
Q

S(4)

A

SLAs outsourcing

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