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Catastrophe risk sharing and public private partnerships : From natural disasters to terrorism Nathalie De MarcelisWarin, Erwin MichelKerjan To cite this version: Nathalie De MarcelisWarin, Erwin
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What is catastrophe risk sharing?
Catastrophe risk sharing is a strategy used by organizations to distribute the financial burden of potential catastrophic losses among multiple parties, such as insurers, reinsurers, and policyholders.
Who is required to file catastrophe risk sharing?
Insurance and reinsurance companies are typically required to file catastrophe risk sharing information, as it is relevant to their business operations and regulatory compliance.
How to fill out catastrophe risk sharing?
The specific process for filling out a catastrophe risk sharing form may vary depending on the jurisdiction and regulatory requirements. However, generally, it involves providing detailed information about the types of catastrophe risks being shared, the parties involved, the terms of the sharing arrangement, and the financial implications.
What is the purpose of catastrophe risk sharing?
The purpose of catastrophe risk sharing is to mitigate the financial impact of catastrophic events by spreading the risk across multiple entities. This helps to stabilize the insurance and reinsurance industry and ensures that policyholders are adequately protected in the event of a catastrophe.
What information must be reported on catastrophe risk sharing?
The information that must be reported on catastrophe risk sharing typically includes details about the types of risks being shared, the parties involved, the terms of the sharing arrangement, the financial obligations, and any relevant contractual agreements.
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