Question

What is the difference between an All Risks package and traditional separate insurances?

a.

An All Risks package covers multiple types of exposures on a seamless basis, while traditional separate insurances cover each exposure separately.

b.

An All Risks package only covers one type of exposure, while traditional separate insurances cover multiple types of exposures.

c.

An All Risks package is more expensive than traditional separate insurances.

d.

An All Risks package is only available through a quota-share or surplus reinsurance.

Posted under IC85 Reinsurance Management

Answer: (a).An All Risks package covers multiple types of exposures on a seamless basis, while traditional separate insurances cover each exposure separately. Explanation:An All Risks package covers multiple types of exposures on a seamless basis, while traditional separate insurances cover each exposure separately.

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Q. What is the difference between an All Risks package and traditional separate insurances?
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