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What are the reasons for government intervention in reinsurance?
Wiki User
∙ 11y ago
The government regulates reinsurance for the same reasons it regulates most insurance: to protect consumers. Government itself can become a reinsurer where the potential for large losses (while unlikely) is too great for an insurer to reasonably risk. The reinsurance by a government entity does not spread local risks throughout the insurance markets, as does private reinsurance.
A good example is the US Flood Insurance offered in many areas. This fills the gap between private insurance and the actual risk faced from catastrophic flooding.
Wiki User
∙ 11y ago
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What market has no government intervention?
Somalia
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If the insurance company that handles my stuctured settlement goes bankrupt, what happens to my settlement payments ?
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What isRisk attaching basis versus loss occurring basis?
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How did mercantilism represent a form of government intervention in the economy?
Did mercantilism accept the intervention of government
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Why did the anti-imperialist oppose intervention in cuba?
They opposed intervention for moral and practical reasons.
Why did anti imperialist oppose intervention in Cuba?
They opposed intervention for moral and practical reasons.
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Global Reinsurance was created in 1990.
What market has no government intervention?
Somalia
What is reform through direct government action?
government intervention
Do libertarians oppose government intervention in both economic affairs and in the private lives of citizens?
they opposed government intervention only in the economic sector
Reasons for military intervention in Nigeria?
Bad leadership and corruption
When was Reinsurance Group of America created?
Reinsurance Group of America was created in 1973.
What is the population of Reinsurance Group of America?
Reinsurance Group of America's population is 1,655.
