Question

Market terrorism pool is an example of which of the following alternative carriers?

a.

Self insurance

b.

Risk Retention group

c.

Pool

d.

Captive

Posted under IC85 Reinsurance Management

Answer: (c).Pool Explanation:Market terrorism pool is an example of a pool, which is one of the alternative carriers in risk management. Pools are collaborative arrangements where multiple entities come together to share and distribute risk. In the case of a market terrorism pool, insurers and reinsurers join forces to pool their resources and collectively cover the risk associated with terrorism-related losses. This approach allows for a more efficient and effective management of the risk by spreading it across multiple participants. Self-insurance refers to an entity assuming its own risks, risk retention group is a specific type of insurance group, and captive is a type of insurance company owned by the entity it insures.

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Q. Market terrorism pool is an example of which of the following alternative carriers?
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