What does Static Risk Modeling mean? Read on to discover the definition & meaning of the term Static Risk Modeling - to help you better understand the language used in insurance policies.
Static Risk Modeling
Using specified assumptions to illustrate the financial impact of losses. A static risk model is useful to project financial results for one type of risk in a stable operating environment. Integrated risk modeling (noncorrelated risks within the same organization) may require a dynamic approach.
We hope the you have a better understanding of the meaning of Static Risk Modeling.