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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Another form of risk acceptance engineering for projects
Critique of ISO 31010 method no. 29 and future prospects
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