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Climate change has been affecting insurance around world

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Reference no: EM133434047

Questions

1. Climate change has been affecting insurance around the world over the last 5 years.

a) What actions are required by all levels of government?

b) What actions are required by insurance companies?

c) What actions do we as individuals have to do?

2. a) Explain the difference between facultative reinsurance and treaty reinsurance with regards to reinsurer's option to decline certain risks.

b) Briefly explain why an insurer should use treaty reinsurance instead of facultative reinsurance whenever possible.

3. Describe how insurance companies react after a catastrophe loss has occurred.

Reference no: EM133434047

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