Mya is an analyst for National Homeowners Insurance of Hartford Connecticut.After hurricane Katrina,National Homeowners took an average of 78 days to assess damage and settle claims in the affected area.While Katrina was an unusual situation,Mya's analysis shows that the average claim processing should be less than 10 days for more 'normal' insurance processing.What analysis technique is she using?
A)Duration analysis
B)Formal benchmarking
C)Hurricane model analysis
D)Simulation
E)ANOVA forecasting

Question

Quizplus · Accepted Answer

Mya is using duration analysis to analyze the average time it takes to assess damage and settle claims. She is comparing the duration of the process for an unusual situation (hurricane Katrina) to a more normal process, which she estimates should take less than 10 days.

Mya Is an Analyst for National Homeowners Insurance of Hartford