a. What is a captive insurer? b. Explain the advantages of a captive insurer in a risk

Question:

a. What is a captive insurer?
b. Explain the advantages of a captive insurer in a risk management program.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles of Risk Management and Insurance

ISBN: 978-0132992916

12th edition

Authors: George E. Rejda, Michael McNamara

See More Books

Question Posted: Jan 30, 2015 07:38 AM

See More Questions

Explain the advantages of the incontestability clause in life insurance from societys standpoint.
What is a dividend reinvestment plan? Explain the advantages of a dividend reinvestment plan to the firm and to shareholders.
Explain the advantages of a product line income report for internal users. Do you think this information would be useful for external users? Why?
On December 1, 2016, Masipag sold land in exchange for a P180,000 non-interest, 1-year promissory note. The 10% interest rate was going market rate for similar notes. Masipag had paid P66,000 to...
A loan of $880 can be repaid in 15 months by paying the principal sum borrowed plus $104.50 interest. What was the rate of interest charged?
The Energy vs Time graph below refers to a block sliding down an inclined plane. Energy vs. Time Time (s) CDLB A a. The dashed blue line (bottom line) on the graph represents A kinetic energy (E) B....
Describe in what ways the scope of nursing has changed.
Squash Delight Inc. has the following balance sheet: Assets Cash $ 100,000 Accounts receivable 300,000 Fixed assets 600,000 Total assets $1,000,000 Liabilities Accounts payable $ 150,000 Notes...
1. Given the matrices A and B of sizes m x 1 and 1 x n respectively. 1. a) Write the pseudocode to compute the matrix C = A x B 2. b) What is the complexity of the code that you wrote? 2. Consider...
a b d You have a new project for the construction of an 8km road in the Weija Municipality. The Client has requested that you submit a programme of works. Discuss three project planning techniques...
a. Explain the meaning of risk financing. b. Explain the following risk-financing techniques. 1. Retention 2. Noninsurance transfers 3. Insurance
a. What is self-insurance? b. What is a risk retention group?
A 10-m-long wire with a diameter of 0.80 mm has a resistance of 1.1 . Of what material is the wire made?
You are the fund manager in charge of the investment portfolios of wealthy private clients. One of them has asked you to explain the statement of cash flows that appears in the annual report of a...
Assume a hierarchical memory system having a joint instruction/data cache with a memory - access cost of 10 ns on a hit and 90 ns on a miss. An alternative design without hierarchical memory...
Match the definitions or examples in the first column with the terms in the second column: A Frequently required multiple level menu navigation B. An application's overall sequence of screens and...
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. Estoppel is a legal principle that can prevent an owner from recovering his or her own...
What are the three fundamental postulates that all scholars with a Malthusian perspective on resource scarcity and economic growth share? Be specific.
List the first five terms of the sequence. (2 4 6 (2n)}.
Define relevant costs and discuss: (1) whether all future costs are relevant for decision making and (2) whether variable costs are always relevant and fixed costs are always irrelevant
Corella Ltd has acquired a new equipment, which it has now installed in its factory. Assess which of the following items should be capitalised into the cost of the building. Provide a reason for your...
a. What are the reasons for creating a captive insurer? b. What is the difference between a single parent captive and a group captive?
Explain the advantages and disadvantages of retention as a risk-financing technique.
The head of the risk management department at a car manufacturing company has identified the following crucial loss exposures: (1) defective product with slight probability and significant loss...
Suppose a, b, and c are int variables and a = 5 and b = 6. What value is assigned to each variable after each statement executes? If a variable is undefined at a particular statement, report UND...
In terms of hydrogen ion concentration, how much more acidic is a solution with a pH of 4.0 than a solution with a pH of 5.5? Round your answer to the nearest tenth. Show Recall that pH, p(x), is...
The following was submitted under the original assignment of "write small program that uses dynamic binding".. now what is requested is to suggest another way to take advantage of the dynamic biding...

a. What is a captive insurer? b. Explain the advantages of a captive insurer in a risk

Question:

Step by Step Answer:

a A captive insurer is an insurer owned by a parent firm for the purpo...View the full answer

Principles of Risk Management and Insurance

Students also viewed these Corporate Finance questions