In this assignment you will assume the role of a senior analyst hired by a fictitious company, Premium Acceptance, a midsized property insurance carrier. Premium Acceptance is performing well with respect to several key performance indicators, including policies in force, policy retention, and new business counts.However, the company's bottom line has been hindered due to poor loss ratios. A loss ratio is simply the difference between the ratios of claims paid by an insurance carrier and the ratio of premiums paid. The board of directors depends on the ability to forecast loss ratios, which in turn enables them to forecast profitability metrics to the shareholders. The organization will now consider implementing the use of statistics for measuring risks.NOTE: Be sure to review Standard Deviationand Variance in your textbook in preparation for this assignment.For this assignment, you will write a minimum three-page paper (not including APA title or references pages). In this paper, please address the following:Provide a general overview of statistics and how they support the risk assessment process.Discuss at least two statistical tools that can be employed to measure risk.Convey which tool best serves the company's purposes and explain why it is.What are the ramifications of the organization electing not to use statistics in this process?RequirementsReview the APA Citation Online Guide for assistance with citing sources using APA format.Be sure to include an introductory paragraph at the beginning and a concluding paragraph at the end of your paper.Because your paper is required to be at least three pages in length, you should use subject headings to label your paper as appropriate.Be sure to include APA citations to support your assertions and to inform your paper.You will need to include an APA formatted reference page with this paper (separate from the body of your paper).Be sure to proofread your paper to ensure that is free from all grammar and spelling errors.

Assignment InstructionsThe ALWINE team would like you to prepare a strategic roadmap for their business and a product roadmap for their product over three time frames - near term, medium term, and long term.This assignment requires you to produce two deliverables:A PowerPoint version of the strategic roadmapA software version of the product roadmap created in TrelloRefer to the attached resource for more information about the case and assignment expectations.The resource:Spells out assignment instructions clearlyLists all steps to download and use TrelloProvides a sample Trello board and what it might look like when you create itProvides a detailed overview of ALWINE and its business plans going forwardSubmission InstructionsClick the Submit Assignment button to upload the two deliverables - the PowerPoint file and the Trello file. Both the Roadmap and Trello board should be uploaded in pdf formatProgram leaders will provide feedback on assignment on-time submissions.Suggested Time: 60 minutesSuggested Word Count: 350-400 wordsNote: This is a required assignment to complete the program.ALWINE Product RoadmapALWINE Product RoadmapCompletion CriteriaRatingsThis criterion is linked to a Learning Outcome Strategic RoadmapCompletea) Very good understanding of different personas including patient/end user, provider, pharma, etc. b) Consistency between persona choice and choice of business model. c) Good attempt to size the market opportunity and overall comprehensiveness of the ALWINE strategy.Incompletea) Narrow understanding of different personas including patient/end user, provider, pharma, etc. b) Lack of consistency between persona choice and choice of business model. c) Little to no attempt to size the market opportunity.This criterion is linked to a Learning Outcome Roadmap in TrelloCompletea) Great fit between near-term strategy roadmap and 3-month sprint roadmap. b) Able to create roadmap at the epic level and organize features into themes. c) Ensured logical and consistent evolution from sprint to sprint.Incompletea) Little to no fit between near-term strategy roadmap and 3-month sprint roadmap.b) Inability to create roadmap at the epic level and organize features into themes. c) Lacks logical evolution from sprint to sprint.