Page 12 - Insurance Glossary 100 Terms - Sashi Publications
P. 12
Insurable Interest: The policyholder must
have a financial or other beneficial interest in
the insured item or person.
Internal Control: Processes and procedures
designed to ensure integrity, accuracy, and
accountability in financial and operational
activities.
Key Control: A crucial activity designed to
reduce significant risks to an acceptable
level.
Key Risk Indicator (KRI): A metric used to
provide an early signal of increasing risk
exposure.
