D
DanielZ
Member
In chapter 19, page 26, the notes state in relation to liquidity risk:
"We should consider how the impact of a loss may affect liquidity. For example, following an extreme loss there may be delays in collecting reinsurance recoveries or increased trust fund requirements"
Can someone please explain the trust fund part of the above paragraph? Not sure what a trust fund has to do with GI?
Thanks
"We should consider how the impact of a loss may affect liquidity. For example, following an extreme loss there may be delays in collecting reinsurance recoveries or increased trust fund requirements"
Can someone please explain the trust fund part of the above paragraph? Not sure what a trust fund has to do with GI?
Thanks