Reinsura - Study guides, Class notes & Summaries

Some well-known lawsuits, which involved corporate malfeasance and alleged improper accounting practices, include - ️️Worldcom, Enron, and Cedant. Each of these cases resulted in tremendous costs for litigation, generating settlements of $6.2 billion, $7.2 billion, and $3.7 billion respectively Define reinsurance and describe its role in the insurance industry. - ️️Reinsurance is called insurance for insurance companies or a form of financial risk transfer. It is a mechanism insura...

2 types of Off Shore Reinsurers - ️️-domiciled outside the US and not governed by US regulations Bermuda Market - estimated 30% of reinsurance markets (3rd largest market in the world). -Benefits: 1. No income tax 2. Fewer restricitions on how Bermuda companies can invest their assets and deploy capital 3. Close proximity to the US London Market: famous for assuming many unusual and complex risks (lloyds) What are the Major Functions of Reinsurance? - ️️1. Increase Capacity 2. St...

which countries have low penetration rates? - Answer-bangladesh pakistan What are capital markets - Answer-markets for buying and selling equity and debt securities. Medium and LT investment horizons facilitates buying and selling financial instruments primary and secondary what is a short term market example? - Answer-money market accounts who are suppliers of capital? - Answer-institutions institutional investors Who are the users of capital? How does each user use capital in the econ...

RPLU Professional Liability Reinsurance Test | Questions and Answers Verified 100% Correc

RMI 3567 EXAM reinsurance/insurance ppt #1 Questions and Answers 100% Verified which countries have low penetration rates? - Correct Answer ️️ -bangladesh pakistan What are capital markets - Correct Answer ️️ -markets for buying and selling equity and debt securities. Medium and LT investment horizons facilitates buying and selling financial instruments primary and secondary what is a short term market example? - Correct Answer ️️ -money market accounts who are suppliers of...

RMI 3567 EXAM reinsurance/insurance ppt #1 Questions and Answers 100% Verified which countries have low penetration rates? - Correct Answer ️️ -bangladesh pakistan What are capital markets - Correct Answer ️️ -markets for buying and selling equity and debt securities. Medium and LT investment horizons facilitates buying and selling financial instruments primary and secondary what is a short term market example? - Correct Answer ️️ -money market accounts who are suppliers of...

RPLU-05 Reinsurance Test | Questions and Answers Verified 100% Correct

Professional Liability Reinsurance: RPLU Exam Questions And Answers 100% Pass. What was the total insured lossses for Hurricane Katrina? - answerHurricaine Katrina reached approximately $60 Billion, that is $41.1 billion of insured losses, $16.1 billion in flood losses under the national Flood Insurance Program, and up to $3 billion for offshore energy facility claims. The total estimated settlements for securities class action claims from 2000 to 2010 is - answermore than $28.3 billion ...

Professional Liability Reinsurance: RPLU- Questions & Answers

RPLU-05 Reinsurance- Questions & Answers