Definition of Ripple effect

shinewangshinewang
in CIA.FCT

Hi,

I think the definition of ripple effect is
"Ripple effects
A ripple effect is an event or incident that occurs when an adverse scenario triggers a change in one or more **interdependent **assumptions or risk factors and includes policyholder actions, management’s routine actions, and regulatory actions."

while in the wiki page it is
"an event that occurs when an adverse scenario triggers a change in 1 or more independent assumptions".

Thanks,
Shine

Comments

  • grahamgraham

    Yes, that's an important difference. I have corrected the wiki article, and a tweet will go out today that can be seen on the Main Page after you login. Thank you very much for letting me know.

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