Question

Which feature is common to all alternative risk transfer products?

a.

Custom-tailored coverage

b.

Multiyear insurance basis

c.

Applicability to multiple lines of coverage

d.

Triggered by a single event

Answer: (a).Custom-tailored coverage Explanation:One of the common features of all alternative risk transfer products is that they are custom-tailored to the unique needs of the client. Unlike standard insurance policies, alternative risk transfer products are designed to address specific risks and coverage requirements of the client. This customization allows for a more tailored and flexible approach to risk financing.

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Q. Which feature is common to all alternative risk transfer products?

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