Article | REF: C8109 V1

Criticism of the consequence

Authors: Francis CLAUDE, Sébastien NOUET

Publication date: October 10, 2016

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2. Another form of risk acceptance engineering for projects

2.1 Integrating probabilistic uncertainty into underwriting results in property-casualty insurance

This section develops a theoretical model of property-casualty insurance that actuaries can use to manage a portfolio of risks and, where applicable, a construction insurance portfolio. We include a graph to illustrate actuarially the significance of risk levels in consequence matrices – probabilities (figure 3 ), and build a bridge between the theoretical model in property-casualty insurance and a builder's result.

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