Question

What has the varied perils to which ships and cargo are exposed over many years resulted in?

a.

Marine insurance becoming less specialized

b.

Marine insurance markets evolving specialist types of cover

c.

Marine insurance becoming more expensive

d.

Marine insurance markets consolidating into a few large players

Posted under IC85 Reinsurance Management

Answer: (b).Marine insurance markets evolving specialist types of cover Explanation:The number of different types of ship and of cargo, and the varied perils to which they are exposed, has meant that over many years, specialist types of cover have been evolved by marine insurance markets.

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Q. What has the varied perils to which ships and cargo are exposed over many years resulted in?
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