Page 10 - Insurance Glossary 100 Terms - Sashi Publications
P. 10
Heat Map: A graphical representation of data
where risks are represented in a matrix of
impact and likelihood.
IDV (Insured Declared Value): The current
market value of the vehicle, used in motor
insurance.
ISO 31000: An international standard
providing principles and guidelines for
effective risk management.
Impact Analysis: A process of assessing the
effects of potential or actual risk events.
