FMEA Rating Scales for the Insurance Industry

M

mam3015

#1
I am trying to rescale our FMEA ratings for use in an Insurance environment. Has anyone seen or developed scales for this industry?
Thanks
 
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Jen Kirley

Quality and Auditing Expert
Staff member
Admin
#2
Welcome to the Cove! :bigwave:

I am also interested to learn how FMEA can be applied to insurance industry. Have you checked the links to related threads at the bottom of this page?

Does anyone have something for mam3015?
 
M

mam3015

#3
Jennifer,
I have looked through the other links but haven't seen anything specific to Insurance. I will continue to look.
Thanks,
Mark
 

somashekar

Staff member
Super Moderator
#5
I am trying to rescale our FMEA ratings for use in an Insurance environment. Has anyone seen or developed scales for this industry?
Thanks
I feel your rating choosen for the probability of occurance has to be done with utmost care because this is one thing that directly has a bearing on the compensation pay out. Study and analysis of previous cases and technical snags that could occure resulting in an occurance of an adverse event is greatly required. This is from my basic thoughts that insurance claim comes up on the occurance of an adverse event no matter how sevear the event is.
 
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