Discuss the risk management techniques

Reference no: EM133273954

Question - UR plc is a general insurer that underwrites property insurance in several countries, including some that are exposed to earthquakes.

The markets in which UR plc underwrites property insurance are all subject to high levels of competition, which hinders increases in premium pricing. Consequently, UR plc's property insurance portfolio has not grown in recent years.

Although UR plc has historically been profitable, a recent major earthquake has produced a significant number of claims and led to concerns about aggregation of risks.

The Board of UR plc is committed to growing the annual gross written premium and is investigating the techniques that could be used to better manage risk exposures and aggregation.

(a) Discuss the risk management techniques that UR plc could use to improve the management of risk exposures and aggregation issues.

(b) Explain how this earthquake may affect competition and premium pricing within the markets in which UR plc operate.

Reference no: EM133273954

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