eGRACS Accreditation - Practice Test

Q1: Which specific regulation is mentioned as being bridged by eGRACS for the insurance industry?

Solvency II
EU AI Act
PCI DSS
HIPAA

This standard is critical for financial risk management in European insurance.

A✔️eGRACS lists Solvency II as an industry-specific regulation tailored through eGRACS Practices for insurance.
B❌The EU AI Act is a global regulatory update mentioned in the context of continuous normalisation, not insurance specifically.
C❌PCI DSS is a general standard for payment card security, not exclusive to insurance.
D❌HIPAA is explicitly mentioned as the standard bridged for the healthcare industry.

Q2: What is the primary objective of the 'Core Tier' within the eGRACS Framework hierarchy?

Providing 27 actionable controls for mid-level management.
Executing 81 hands-on tactical controls in the trenches.
Generating industry-specific SOPs and policy templates.
Setting high-level strategic vision and ICT alignment.

Consider the foundational layer at the very top of the pyramid hierarchy.

D✔️The Core Tier provides the three foundational pillars—Manage Demand, Deliver Solution, and Manage Capability—that drive leadership vision.
A❌Mid-level actionable execution is the responsibility of the Operational Tier.
B❌Direct operational execution of numerous granular controls is the function of the Tactical Tier, not the Core Tier.
C❌SOPs and templates are components of the eGRACS Model, which acts as a bridge, rather than being the primary goal of the Framework's Core Tier.

Q3: What are the three core pillars found within the eGRACS Model?

Practices, Templates, and SOPs
Risk, Audit, and Compliance
Demand, Solution, and Capability
Core, Strategic, and Tactical

Consider the tangible tools used to bridge abstract theory with daily operational tasks.

A✔️These three components provide the real-world applications, documentation, and instructions needed for implementation.
B❌While these are areas of focus, they represent outcomes of the framework rather than the specific pillars of the Model.
C❌These are the three foundational controls of the Core Tier.
D❌These terms refer to the hierarchical tiers of the Framework's structure.

Q4: Scenario: Your client’s enterprise IT is struggling with fragmented governance across multiple frameworks. Using the eGRACS Framework, outline a step-by-step approach to unify governance. Include domains, tiers, and examples of operational activities.

Q5: Scenario: A new regulation impacts multiple domains. Explain how you would map controls to maintain compliance end-to-end.

eGRACS Accreditation - Practice Test

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