Given the emerging risk scenario of climate change and its expected impact on hurricanes and other storms (significant increase expected in frequency and severity), how can a high-risk insurer (such as Coastlandia from above or the real-life NC Beach Plan) strategize underwriting, claims, premium audit and loss control to manage the risk?

Q: How does the relationship between the two insurance advisors impact advisory ethical decision-making…

A: In the advising setting, the connection between two insurance advisors—especially if one is rewarded…

Q: Analytical procedures are useful at the planning stage for risk assessment. Using analytical…

A: Three Areas that need additional Analytical procedures, Sale Non-Current Assets Inventories Repair…

Q: Would immediate public disclosure of such vulnerabilities be a good best practice?

A: To begin with, immediately disclosing a weakness is a good practice since it allows users to protect…

Q: systematic or unsystematic risk;

A: Systematic risk is a type of risk category that is inherent to the entire market or market segment.…

Q: What are the different audit risk associated in the hotel industry?   Elaborate and provide a…

A: Audit Risk Audit risk is the risk which are associated with the Auditing of the entity as well.…

Q: Calculate planning materially in a dollar ($) amount. You must include a breakdown of your…

A: Control risk seems to be the possibility of a major misrepresentation in a firm's financial…

Q: How one can identify the respective Loss Exposures in Risk

A: The degree of uncertainty and/or potential financial loss connected with an investment choice is…

Q: Documentation of risk assessment procedures and responses to risks of misstatement should include…

A: Risk assessment procedures are audit procedures performed to obtain an understanding of the client…

Q: What disclosures are required for remote likelihood of losses?

A: Likelihood of losses means chance of occuring loss in some future events of the business. Likelihood…

Q: If the chance that a risk will occur cannot be reasonably predicted or the possible financial loss…

A: An uninsurable risk is one that presents an unknown or unacceptable risk of loss for an insurance…

Q: Give me accurate answer

A: 1. Strategic or Non-Financial Objectives: Quality of Care: Improving patient outcomes is frequently…

Q: Discuss the importance of monitoring and reporting on the institution's compliance with its ALM…

A: Answer  Assets Liability Management(ALM) - is used for manage financial Risk as a result of mismatch…

Q: When an insurer accepts accepts risk from a large number of enrollees. OA. the average loss that…

A: The law of large numbers, which states that a large number of trials would lead to the average…

Q: Which of the following is a type of captive formed to write most types of liability insurance…

A: A captive insurance firm is a special arrangement for insurance, which is a subsidiary insurer to…

Q: A risk group căn be đefined as a group that shares ghly the same risks of an adverse event…

A: Risk is something which is bear by insurance company in consideration of premium that they have…

Q: IDENTIFICATION: What area of insurance companies is faced with the risk that estimates of loss…

A: Insurance risk management is referred as an assessment as well as quantification of the financial…

Q: What is the relationship between risk management and insurance buying and why do some argue that…

A: The question is based on the concept of risk management and the use of insurance as a tool of risk…

Q: Why is it vital to retain periodic records as part of the risk management process

A: Risk management Managing the risk related to an organization is known as risk management. It is a…

Q: Explain

A: Approach to solving the question: Step 1: Understanding Net Present Value (NPV)To find out if an…

Q: Who are front-line underwriters? What are premium volume and loss experience with the insurer? What…

A: Underwriters are the person who sell theshares on behalf of the firm. They are very useful for the…

Q: The effects of climate related risks on insurance companies.  - Identify the climate related risks…

A: St Kitts and Nevis are highly recommended because they have a lot of knowledge about single-risk…

Q: For insurance companies risk management is critical to the success and viability of their business.…

A: An underwriter's risk of loss is known as underwriting risk. Underwriting risk in insurance can…

Q: Question: When would an investor risk investing in a negative net present value on equipment? Would…

A: An investor might risk investing in equipment with a negative net present value (NPV) if the…

Q: Explain the applicability of investments in times of pandemic and the new normal.

A: Toward the beginning of May unbelievable financial backer Warren Buffett unloaded his whole holding…

Q: e importance of establishing an effective risk management policy at insurance companies to manage…

A: Introduction : In simple words, risk management refers to the phenomenon under which a company…

Q: What forms of protection and regulation do regulators of FI's impose to ensure their safety and…

A: The financial institutions should regulate the economy in an efficient manner. The financial…

Q: How do auditors use technology to mitigate the challenge of the pandemic?

A: The pandemic disrupted many aspects of accounting. The impact was felt in the field of auditing as…

Q: risk remaining after management’s actions is

A: Option A is wrong because inherent risk is the risk of fraud or error which may exist even if the…

Q: what is one example of a risk management strategy used by insurance companies to mitigate…

A: An underwriter's potential loss is known as underwriting risk. Underwriting risk in insurance can…

Q: Insuring clause in an Accident & Health policy states which of the following information? A. The…

A: There are different clause in the insurance policy that what is covered and what is not covered and…

Q: provides protection against most risks of fire, theft and some weather damage.

A: Property insurance provides protection against most risks of fire, theft and some weather damage.…

Q: real life examples of systematic and unsystematic risk

A: Systematic risk - Systematic risk refers to that risk that is inherent to a market segment or the…

Q: Describe one type of systematic risk and one type of unsystematic risk and then explain how a…

A: Systematic risk is risk of market factors which cannot be diversified by business or investor. It is…

Q: Severity vs. Frequency looks at the loss rate that is more predictable on low severity, high…

A: In general, severity vs. frequency analysis is better suited for lines of insurance that have low…

Q: Distinguish between the evaluation of the adequacy of insurancecoverage and the verification of…

A: Auditing:   In auditing, auditors verify the correctness and fair presentation of financial…

Q: Below are events, for each event, identify the type of risk the event entails, classify your…

A: Systematic and unsystematic risk Risk can be categorized as systematic and unsystematic risk.…

Property Insurance

Property insurance protects property from unforeseeable loss or damage and covers property owners' liability. Property insurance provides financial compensation to the property owner or renter in the event of damage or theft, as well as to someone other than the owner or renter if that person is injured on the property. Property insurance covers all risks of damage caused by theft, fire, flood, cyclones, lighting, and natural calamities, among other things. The primary goal of property insurance is to require the property owner to cover the loss. A monthly premium is paid to the insurance company, and in exchange, the insurance company pays for damage based on the agreement stated in the policy. Property insurance protects assets such as a vehicle, auto, car, rental home, house, and valuable property.