To Finance Some Uninsurable Exposures,risk Managers Go to the "ART

question 19

Multiple Choice

To finance some uninsurable exposures,risk managers go to the "ART" market. What does ART stand for?

• A)alternative risk management team
• B)alternative risk transfer
• C)actuarial risk transfer
• D)actuarial risk types

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Definitions:

Professional Will

A document or plan that outlines how one’s professional responsibilities and tasks should be managed in their absence, ensuring continuity and accountability.

Ambition

The strong desire to achieve success, often requiring determination and hard work.

Innovation

The act or process of introducing new ideas, devices, or methods to improve or make significant contributions to fields or industries.

Questioning Attitude

The habit of consistently asking questions to gain deeper understanding, encourage critical thinking, and challenge assumptions.