G
Georgina
Member
Hi
See Page 97 of Lam.
1) eg. General Insurance Company or Reinsurer (eg floods, cyclones, fires etc)I can see how the insurer or reinsurer could use weather derivatives or Cat-E-Puts, but how could it use unconventional vehicles?
2) Can anyone give me some practical exams of when unconventional vehicles are used to cover conventional risks for banks, life companies, oil companies etc?
3) Does anyone know how unconventional vehicles are treated by Regulators and/or under International Accounting Standards? For example,
- finite insurance, which effectively smoothes profit and loss, or
- risk retention groups, which pool capital for a number of small to medium sized companies.
Thanks
Georgina
See Page 97 of Lam.
1) eg. General Insurance Company or Reinsurer (eg floods, cyclones, fires etc)I can see how the insurer or reinsurer could use weather derivatives or Cat-E-Puts, but how could it use unconventional vehicles?
2) Can anyone give me some practical exams of when unconventional vehicles are used to cover conventional risks for banks, life companies, oil companies etc?
3) Does anyone know how unconventional vehicles are treated by Regulators and/or under International Accounting Standards? For example,
- finite insurance, which effectively smoothes profit and loss, or
- risk retention groups, which pool capital for a number of small to medium sized companies.
Thanks
Georgina