The division helps businesses transfer traditionally uninsurable risks
to a third-party balance sheet.
We are seeking similar opportunities to create value for our customers, and in some cases, for previously uninsurable risks
Nuclear power is a case in point having a raft of hidden subsidies, one of them being its uninsurable risks
Senior management must consider a more comprehensive risk management program to address a wide variety of insurable and uninsurable risks
More than two-thirds of risk managers surveyed say their companies now expect them to assist not only with insurable risks in the supply chain but also with assessing and addressing uninsurable risks
In this sense, the infinite-horizon setting, while convenient, may understate the hardship caused by uninsurable risks
Under their simple model, they show that traditional theory holds only when the insurable and uninsurable risks
are statistically independent.
We all know that there are three categories of insurable risks: insurable, difficult to insure (such as flood and, perhaps, Y2K) and uninsurable risks
that do not fit the historic criteria for insurance, such as no snow, temperature fluctuations, swings in currency rates and, particularly, the stock market.
Any uninsured or uninsurable risks
should be quantified and appropriate reserves or other financing arrangements should be established.
Inform the bank's board of directors of all uninsured or uninsurable risks
and the ways in which the risks exceed current company coverage.
The topics covered are (1) insurance and economics, (2) insurance and utility theory, (3) insurance and competitive equilibrum, (4) life insurance, (5) business insurance, (6) household insurance, (7) uninsurable risks
, and (8) risk theory and government supervision.
The change is being fought by both the National Association of Mutual Insurance Companies and the Property Casualty Insurers Association of America, whose members protest that it would amount to requiring insurance of uninsurable risks