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RECORD OF SOCIETY 1994 VOL. 20 NO, 1CATASTROPHE Moderator: Panelists: Recorder:OF ACTUARIESEXPOSURE PETERK. CLARK* STUART B. MATHEWSON DAVID E. SANDERS PETERK. CLARKThe panel will discuss a numberof
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Gather all relevant data related to assets and properties.
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Insurance companies who want to assess their risk exposure to catastrophes.
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What is catastrophe exposure this session?
Catastrophe exposure refers to the assessment and reporting of potential financial losses that an insurance company may face due to catastrophic events such as natural disasters.
Who is required to file catastrophe exposure this session?
Insurance companies, including property and casualty insurers, are required to file catastrophe exposure to report their potential risks related to catastrophic events.
How to fill out catastrophe exposure this session?
To fill out catastrophe exposure, insurers must report their potential losses, geographic distribution of risks, and provide data on the types of coverage they offer for properties located in areas prone to disasters.
What is the purpose of catastrophe exposure this session?
The purpose of catastrophe exposure is to ensure that insurance companies maintain adequate reserves for potential losses from catastrophic events, promoting financial stability and preparedness.
What information must be reported on catastrophe exposure this session?
Insurers must report information regarding the types of policies in force, the values at risk, the geographic locations of insured properties, and loss projections related to catastrophes.
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