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MORF - Management of Risk Foundation - BrainDump Information

Vendor Name : Exin
Exam Code : MORF
Exam Name : Management of Risk Foundation
Questions and Answers : 140 Q & A
Updated On : January 22, 2019
PDF Download Mirror : MORF Braindumps
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MORF exam Dumps Source : Management of Risk Foundation

Test Code : MORF
Test Name : Management of Risk Foundation
Vendor Name : Exin
Q&A : 140 Real Questions

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Exin Exin Management of Risk

Greek insurer sale doubtful after row between buyers | killexams.com Real Questions and Pass4sure dumps

ATHENS (Reuters) - A deal to promote country wide bank of Greece’s assurance unit to U.S. and Dutch buyers seemed fragile after a prison row erupted between the two consumers on Wednesday.

U.S. investor Calamos household partners (CFP) talked about in an emailed observation it had filed a lawsuit in the U.S. in opposition t Dutch EXIN economic features Holdings for defaulting on loans.

Calamos Investments and EXIN partners, a Netherlands-based investor concentrated on assurance, reinsurance and asset administration, had agreed ultimate yr to purchase 75 p.c of the country wide financial institution of Greece’s (NBGr.AT) coverage unit - country wide coverage - for 718 million euros ($889 million).

EXIN declined to comment on the litigation itself, but referred to on its website it become ‘entirely dedicated’ to seeing the deal be successful within the prescribed timeframe.

The deal was signed in June however the consumers have yet to inform regulators at Greece’s significant bank of key details.

“The financial institution of Greece has now not acquired the folder containing the closing shareholding constitution of the buying group,” a senior crucial financial institution professional advised Reuters, declining to be named. “We predict EXIN to do so in the subsequent days.”

The investment was presupposed to be concluded with the aid of the end of March based on the phrases of the deal.

country wide bank of Greece turned into no longer immediately obtainable for remark. under the deal, it was to maintain a 25 percent stake within the insurance unit.

In an emailed press release, Calamos family unit companions (CFP) referred to it turned into seeking immediate reimbursement of greater than $forty one million in main, plus pastime, owed to them by means of EXIN beneath a series of personal loan agreements. the whole quantity become payable on December 31 2017, and changed into now in default.

It spoke of EXIN has time and again didn't provide requested monetary statements and different monetary, accounting and regulatory counsel and records as required with the aid of the relevant loan agreements. furthermore, the lawsuit seeks a full accounting of when and the way EXIN used the borrowed cash.

EXIN later responded with an announcement on its web site.

“EXIN has these days been made aware that one in every of its partners has chosen to concern an announcement concerning the existence of a litigation towards EXIN. EXIN does not comment on litigation nor threats of litigation,” the enterprise noted.

“EXIN continues to be totally committed to the expeditious close of the (national assurance) transaction inside the prescribed timeframe.”

national financial institution of Greece had put its insurance subsidiary up on the market as a part of a restructuring plan authorized by the european Union to exit non-banking operations and focus on core banking.

Reporting by using George Georgiopoulos, editing by means of Louise Heavens and Elaine Hardcastle


Simplilearn & EXIN partner to deliver are living on-line Gamified practising to put together next-Gen Scrum Masters | killexams.com Real Questions and Pass4sure dumps

Simplilearn's Agile Scrum master (ASM®) Certification becomes the first Digital training Platform in the business

SCOTTS VALLEY, CA--(Marketwired - March 09, 2016) - Simplilearn, the world's greatest issuer of professional certification courses, today pronounces its partnership with EXIN, the international unbiased certification institute for ICT-gurus, to launch the business's first digital training in Agile Scrum grasp (ASM®). Simplilearn is offering training on agile and scrum ideas via are living online instructor led practising with Gamified sessions to power excessive interactivity amongst inexperienced persons.

As over forty one.5 mission management jobs are prone to be created by using 2020, Scrum is the way forward for undertaking administration professionals. at the side of EXIN, who is presenting the accreditation, Simplilearn has designed the route that gives beginners an immersive event on the SCRUM master philosophy, offering the maximum of cost to all aspiring gurus. With more than 240,000 Scrum jobs within the united states on my own, the online Agile Scrum master direction will provide a extra purchasable and reasonable opportunity for aspiring students and worker's alike.

"Simplilearn has partnered with EXIN, the world SCRUM accreditor, to convey our gamification course mannequin to existence," mentioned Michael Stebbins, Head of US Operations for Simplilearn. "We aimed to handle the practical considerations of our rookies, reminiscent of their restrained time to analyze and geographically-spread teams, designing an intensive route that gives you speedy-paced and on-demand SCRUM education and certification. Certification advantages apart, this route will assist Agile gurus find out how to control up to date day business challenges that turn up in geographically-spread teams."

Scrum grasp classes have traditionally been taught by using trainers globally in a physical school room environment, particularly as a result of the hands-on nature of the software -- naturally optimized for groups operating within the equal geographic vicinity. With extra dispersion amongst teams within the modern day business setting, Simplilearn's on-line offering become built to accommodate both local and geographically-unfold teams, the usage of are living online neighborhood actions/video games.

"Simplilearn has become the first practising issuer to bring EXIN Agile Scrum grasp working towards via an online, instructor-led working towards mannequin," Robert-Jan Willemsen, Chief industrial Officer at EXIN, commented. "This strategy will add extraordinary value to all Agile aspirants and we're assured that Simplilearn will proceed to be a crucial strategic partner in relocating ahead."

With its wonderful product proposition, every scholar will profit entry to attend distinctive batches of the teacher-led practising over a ninety day duration for the same payment, and the means to re-attend an uncertain session -- making certain a excessive degree of conceptual readability. The Scrum grasp course comes with three video games/case studies and 2 tasks.

to peer a demo of the Scrum grasp offering, consult with Simplilearn's YouTube channel right here.

About SimplilearnRanked within the suitable 10 most influential schooling manufacturers by using LinkedIn, Simplilearn is the world's biggest issuer of brief-term certification lessons that addresses interesting getting to know wants of working gurus. classes consist of a lot of issues within the company, expertise and design fields, spanning PMP, big data, Digital marketing, records Science, Cloud Computing and a lot of more. With over four hundred courses offered, Simplilearn has knowledgeable more than 500,000 specialists due to the fact its inception in April 2010. With its footprint in over 150 countries, Simplilearn's patrons are assured of up-skilling and re-skilling themselves for faster and surer profession increase. Simplilearn's path contents are identified by greater than forty world accreditors, including PMI, OMCP, Axelos, Scrum Alliance, Peoplecert, and The Open neighborhood.

For greater counsel, discuss with http://www.simplilearn.com.

About EXINEXIN strives to assist organizations and individuals reach success. As an ICT Competence companion, EXIN supports lifelong studying. With the knowing that the world round is changing continually, EXIN promotes simultaneous change in the approach we work, be taught and advance.


Greek American EXIN companions purchase Emblematic Greek Insurer Ethniki Asfalistiki | killexams.com Real Questions and Pass4sure dumps

EXIN companions, a gaggle consisting with the aid of John Calamos and John Koudounis of Calamos Investments, insurance professional Matthew Fairfield, and Pavlos Kanellopoulos at the side of Nicholaos Adamantiades of AIG have received the bid to purchase “Ethniki Asfalistiki,” Greece’s biggest insurer.

The Greek American’s of EXIN in conjunction with insurance knowledgeable Matthew Fairfield outbid China’s Fosun, Gongbao and Wintime. The acquisition of Ethniki by way of EXIN is the first most important investment in Greece via a gaggle such as Greek-americans.

“We recognize the coverage market and we know Greece. we're long-term buyers and we are able to come to Greece to reside,” Calamos CEO John Koudounis had noted past.

Kanellopoulos – Adamantiades are the partners of EXIN in Athens, a longtime partnership which has led to the buy of AIG group with EXIN companions, while Matt Fairfield, the best non-Greek accomplice, has 26 years of event within the assurance market.

Ethniki Asfalistiki changed into headquartered in 1891 and have become a cornerstone of the Greek economic climate, and society in commonplace. It provides existence and non-lifestyles coverage items. The business had a 16.6 % share of the market ultimate 12 months and 2015 internet profit of 98 million euros. NBG is bought it in order to focal point on core banking. Morgan Stanley and Goldman Sachs had been the NBG advisors for the concession.




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The Institutes Griffith Foundation to Administer Scholarships on Behalf of Business Insurance | killexams.com real questions and Pass4sure dumps

The Institutes Griffith Insurance Education Foundation is pleased to announce the launch of the Business Insurance Scholarship.

MALVERN, Pa., Jan. 02, 2019 /PRNewswire-PRWeb/ -- The Institutes Griffith Insurance Education Foundation is pleased to announce the launch of the Business Insurance Scholarship. This annual scholarship, awarded by Business Insurance, was created to introduce college and university students to the limitless opportunities that exist within the risk management and insurance (RMI) industry.

A wave of older insurance professionals will be retiring over the next several years, creating lots of openings and opportunities for young professionals to make names for themselves. And yet, many students are unaware of these opportunities. The Business Insurance Scholarship will serve as an innovative way to entice students into considering a career in risk management.CEO of Business Insurance, Adam Potter says, "We created our U.S. Insurance Awards to fund scholarships to expose new and diverse talent to insurance careers. Students from HBCUs, community colleges & non-risk management majors already fall into our industry, now is the time to strategically recruit them".

Business Insurance will be awarding eleven $3,500 scholarships to full-time, undergraduate students pursuing any field of study. Applicants must be in good academic standing, have a cumulative grade point average of 2.8 or higher, and demonstrate a willingness to participate in mentoring if selected as a recipient.

In addition to scholarship monies, recipients will be provided free access to two insurance-specific courses through The Institutes, a trusted knowledge leader for the insurance industry, and paired with a mentor from the RMI industry. Mentors will help provide insight into the industry as well as guidance for any students who are interested in joining this exciting field.

"The Griffith Foundation is excited to administer these scholarships on behalf of Business Insurance," said Kim Nicholl-Keane, deputy executive director at The Griffith Foundation. "Both the Griffith Foundation and Business Insurance share similar missions, which include a commitment to helping attract new and diverse talent into the RMI industry."

For more information, visit GriffithFoundation.org/pipeline-development/scholarships/.

About The Institutes Griffith Insurance Education FoundationThe Institutes Griffith Insurance Education Foundation is a 501(c)(3) not-for-profit, non-advocative educational organization dedicated to providing unbiased information about risk management and insurance through educational programs targeting students and public policymakers. The Griffith Foundation is affiliated with The Institutes, the leader in delivering proven knowledge solutions that drive powerful business results for the risk management and property-casualty insurance industry. For more information, visit GriffithFoundation.org.    

About Business Insurance

Business Insurance is the authoritative news and information source for executives concerned about risk and the impact on their business. With information for risk managers, insurers, brokers and other providers of insurance products and services, Business Insurance delivers in-depth analysis on new and emerging risks, case studies of successful programs, market intelligence on trends, and guidance on how to capitalize on opportunities and overcome challenges. Business Insurance covers core risk management and insurance areas such as property/casualty insurance, captive insurance and other alternative risk transfer vehicles, and enterprise risk management. For more information, visit BusinessInsurance.com.

 


Killer whale watch: Future of declining southern residents at risk | killexams.com real questions and Pass4sure dumps

For 17 days last summer, a female orca pushed her dead calf through the Pacific Ocean, keeping the body afloat with her head in what some whale experts called a “tour of grief.”

The images of J35, also known as Tahlequah, sparked renewed interest in the plight of endangered southern resident killer whales, whose population had dwindled to just 75 members earlier in the year, following the death of L92 or “Crewser.”

Then, as J35’s vigil continued, public and media attention shifted to an ailing pod member known as J50 or Scarlet.

Baby orca whale is being pushed by her mother, J35, after being born off the coast near Victoria, British Columbia. Michael Weiss/Center for Whale Research / AP

In the preceding weeks, researchers had become increasingly concerned about the condition of the three-year-old female, whose reproductive potential offered hope for the species’ survival.

As people watched, a team of veterinarians raced to try to save the emaciated whale’s life by using a dart to inject her with medication and attempting to feed her live salmon in hopes of using that method to supply more drugs in the future.

But, after weeks in the spotlight, J50 disappeared one weekend in September and was never seen again.

Her presumed death dropped the number of southern residents to 74 in three pods and added to the sense of urgency around efforts to protect the whales, whose population has fluctuated from 70 to 99 individuals since 1976.

Government measures

For the Canadian government, those efforts began months earlier with the announcement of a five-year, $167.4-million Whales Initiative in the 2018 budget.

Dominic LeBlanc, fisheries minister at the time, later confirmed that southern residents “face an imminent threat to both survival and recovery.”

He cited a lack of chinook salmon — the whales’ favourite prey — as one of the main problems and announced plans to reduce the annual catch by 25 to 35 per cent.

Federal officials announced fishing closures in parts of the southern Gulf Islands, portions of Juan de Fuca Strait west of Otter Point and around the mouth of the Fraser River.

The closures were welcomed by conservation groups, but panned by the sports fishery for focusing solely on the availability of prey.

Federal officials, however, soon took aim at additional threats to the whales — pollution, which damages their health, and boat noise, which interferes with their ability to forage for food.

Decline in the availability of Chinook salmon is having a dramatic impact on the southern resident killer whale population. Dr. Lance Barrett-Lennard/Ocean Wise. / PNG

Among other things, the government:

• secured a voluntary vessel slowdown in Haro Strait to reduce noise from passing ships;

• introduced a new requirement that whale-watching boats and other vessels stay 200 metres away from the orcas in Canadian waters — twice the previous distance;

• expanded the network of underwater listening devices to measure noise impacts;

• increased aerial patrols to monitor and enforce the new measures;

• boosted the number of fishery officers on the water to enforce closures and crack down on people and boats harassing the whales;

• worked with B.C. Ferries on a plan to manage vessel noise.

In November, LeBlanc’s replacement in the fisheries ministry, Jonathan Wilkinson, pumped an extra $61.5 million into the plan.

The money will be used for to expand the boat slow-down areas, restore chinook habitat, invest in fish hatcheries and tighten controls on flame retardants and other pollutants, he said.

More measures coming

More measures are expected before the expected return of the whales to the Salish Sea in April.

The government has said it’s looking at further fishing reductions and an expansion of fisheries closures in key foraging areas.

Wilkinson said he’ll also be looking closely at Washington Gov. Jay Inslee’s $1.1-billion whale recovery program that includes a three-year ban on commercial whale-watching of southern residents.

B.C.’s sports fishing sector, as well as chambers of commerce, are already pushing back at the prospect of more government measures.

The industry says it was badly hurt by fishing closures this summer and fears additional closures in a critical habitat zone that has been expanded to include Swiftsure and La Perouse banks, popular sports fishing areas off southwestern Vancouver Island.

“As British Columbians who are now concerned about the survival of our own businesses and communities, we urge the federal government to slow down the implementation of any additional management measures, take time to get the science right and engage coastal stakeholders,” Karl Ablack, Port Renfrew Chamber of Commerce vice-president, said in a statement.

By contrast, environmental groups want government to accelerate its efforts to save the whales.

A juvenile spring chinook salmon jumps in the Rogue River in Oregon.

A juvenile spring chinook salmon. Jamie Lusch / AP

In September, Ecojustice lawyers, acting on behalf of five other conservation groups, launched a Federal Court case to press Wilkinson and federal Environment Minister Catherine McKenna to ask cabinet for an emergency order to protect the whales.

The lawsuit was discontinued after it was revealed that the ministers had asked for the emergency order only to be rebuffed by cabinet. But the environmental groups continue to argue that far more needs to be done in light of ongoing threats to the whales and salmon.

They note, for instance, that the Committee on the Status of Endangered Wildlife in Canada recently reported that eight chinook salmon populations are considered “endangered.”

“It all comes back to the footprint that humans are having on the Salish Sea,” said Misty MacDuffee, a biologist with the Raincoast Conservation Foundation. “If we’re going to keep both of these populations around for the future, we have got to change the way that we operate.”

The foundation and other conservation groups want government to ramp up its efforts to protect the whales and chinook by:

• closing marine fisheries that catch chinook from southern B.C.;

• restricting whale-watching of southern residents in critical habitat;

• creating feeding refuges for the whales in which salmon fishing and whale-watching would be prohibited.

“The time is now,” MacDuffee said. “If we have any hope of turning it around, it has to be now.”

— With a file from Carla Wilson

CLICK HERE to report a typo.

Is there more to this story? We’d like to hear from you about this or any other stories you think we should know about. Email vantips@postmedia.com


Actuary- Financial Risk Management | killexams.com real questions and Pass4sure dumps

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It's a career journey you can be proud of, and you'll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and service, supported by our Foundation . It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses "Be Good At Life." To learn more, please visit LinkedIn , our Newsroom and the Careers page of www.NewYorkLife.com .

Financial Risk Management (FRM), within the Office of Risk Management & Chief Actuary (ORMCA) is responsible for management, monitoring, reporting and oversight of financial risk at NYL on an enterprise level.

The Financial Risk Management Solutions (FRMS) team within FRM performs extensive enterprise level financial risk modeling, analyses and reporting. In addition to performing strategic risk assessments and analysis for senior management to aid in decision support, the team engages heavily in R&D to ensure the implementation of industry leading financial risk management practices at NYL.

This role offers the opportunity to learn both traditional and innovative enterprise risk management methods. If you want to work on challenges and solutions that dominate leading-edge enterprise risk management discussion today, and develop skills that will be invaluable tomorrow, this may be the role for you.

Responsibilities:Responsibilities for this position include coverage of assets and liabilities. A sample of the projects the role encompasses, but is not limited to, is as follows:

  • Stochastic Required Capital - Company Level, Pension Plan and Line of Business
  • Stochastic @ Risk measures related to Surplus, Embedded Value, and Dividend Availability
  • Proxy modeling, Least Square Monte Carlo, Clustering and other efficiency optimization techniques
  • Stochastic mortality using leading-edge third party risk modeling platformsThe FRMS team also maintains and continuously improves financial risk measurement, assessment and management capabilities by:
  • Monitoring risk mitigation and hedging programs for financial risks such as interest rate, equity market, credit, capital and mortality / longevity
  • Determining and monitoring key risk metrics, indicators and trends
  • Development and implementation of new financial risk measures
  • Working collaboratively with Business Unit Financial Planning & Analysis, Product Development and Pricing Teams is support of enterprise level risk measures
  • Qualifications
  • MS or undergraduate degree in a quantitative discipline, such as, math, economics, statistics etc.
  • FSA, MAAA with knowledge of actuarial modeling techniques and insurance products
  • Experience working in risk areas, such as, risk, finance and/or regulation
  • Team-oriented with a strong sense of ownership and accountability
  • Strong leadership, interpersonal and relationship management skills
  • Ability to organize complex processes, handle multiple tasks, and deal with shifting priorities, all within demanding time schedules.
  • Ability to "think outside of the box"
  • An energetic team player
  • SF:LI-AM1​​​​​​​SF:EF-AM1

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