All of the following tasks are performed by a risk management information system (RMIS)except:
A)track frequency, severity and final outcome of losses
B)provide statistical data to spot trends
C)provide insurance policy data and loss history
D)provide an instantaneous picture of the company's balance sheet

Question

Quizplus · Accepted Answer

A risk management information system (RMIS) is designed to track and manage risks associated with an organization's operations. While it can provide valuable data and insights regarding frequency, severity, and outcomes of losses, as well as policy and loss history data to help identify trends, it does not provide an instantaneous picture of the company's balance sheet, which is a function of the accounting system.

All of the Following Tasks Are Performed by a Risk