The division helps businesses transfer traditionally uninsurable risks
to a third-party balance sheet.
Respondents also said that policy conditions that include excessive exclusions, restrictions and uninsurable risks
inhibit their organization from purchasing a policy.
Such factors include, among others, known and unknown uncertainties and risks relating to additional funding requirements, reserve and resource estimates, commodity prices, hedging activities, exploration, development and operating risks, illegal miners, political and foreign risk, uninsurable risks
, competition, limited mining operations, production risks, environmental regulation and liability, government regulation, currency fluctuations, recent losses and write-downs, restrictions in the Company's loan facility, dependence on key employees, possible variations of ore grade or recovery rates, failure of plant, equipment or process to operate as anticipated, accidents and labour disputes.
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
development and operating risks, uninsurable risks
, ore reserve and resource
Under their simple model, they show that traditional theory holds only when the insurable and uninsurable risks
are statistically independent.
With the apparent gradual and selective convergence taking place between the capital and insurance markets, previously uninsurable risks
may now be funded.
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