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helen_woolford
Mind Map by , created more than 1 year ago

A-Levels 4. Risk Response Mind Map on Insurance and risk transfer, created by helen_woolford on 24/05/2013.

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helen_woolford
Created by helen_woolford almost 12 years ago
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Insuranceand risktransferImportance of insuranceRisk responseRisk financing (RF)Indemnity againstlossDelay in obtainingsettlement of claimDifferenttypesConventionalContractualCaptivePoolingDerivativesAlternative RFSingle premiumbondsTypes of insurance coverLegalBalance sheet/profitand loss protectionEmployeesbenefit/protectionCompulsoryPublic liabilityBusiness PremisesAsset protectionMotorTerroismLife andhealthD&O insurancePurchase of insurance6Cs of buying insuranceCostCoverageCapacityCapabilitiesClaimsComplianceCaptive insuranceOrg notinvolved ininsuranceParentdomicilesLower premiumsaccess to reinsurance marketsGreater risk awarenessGreater coverTax benefitsExposed to claimsallocatecaptiallosses on parents balance sheetNon admittancein other territoriesAdmin cost, time &effortDouble click this nodeto edit the textClick and drag this buttonto create a new node