Extras Flashcards

(7 cards)

1
Q

What’s not a benefit of AI in claims

A

Learning customer behaviours

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2
Q

Max claim for damage to own catering equipment away from the hotel

A

2k

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3
Q

Claims stat least likely to be reviewed by a claims manager

A

Number of claims declined

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4
Q

FCA requires insurers to consider this when renewing a policy

A

If the policy was bought with another good or service

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5
Q

Purpose of claim reserving

A

Set adequate premium rates

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6
Q

Intermediary required to do when handling claims

A

Manage conflicts of interest fairly

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7
Q

Who do insurers have to submit financial statements including estimates of outstanding claims

A

PRA

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