Question 19 pts What is \"reinsurance\"? insurance companies Insurance for A way

Question

Question 19 pts What is "reinsurance"? insurance companies Insurance for A way of averaging out risk All of the above A way of diversifying risk exposure A way for an individual insurance company to provide coverage that would otherwise exposures be too great of a burden for the single insurer Question 20 1 pts How do CAT Bonds work? They use the reinsurance market to distribute claims widely They transfer risk to financial investors rather than to insurance companies None of the above CAT Bonds are the insurance contracts that Lloyds issues Cats are more accommodating of risk than are dogs. Question 21 1 pts What is the distinction between 'internal" and 'external" project risks? Internal risks are those which may occur only to the project team Internal risks are financial, external risks are are non-financial External risks referred only to natural hazards Some of the above Internal risks are those under the control of the PM; external risks are outside his or her control.

Explanation / Answer

19.

Reinsurance is a form of insurance purchased by the insurance companies to mitigate the risk.

Here all the given options are correct.

Therefore, the correct option is (c) all of the above.

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