The insurance business is vital for today's economies, since by means of insurance policyholders can satisfy their need for protection and accumulate additional value. Further, insurance and reinsurance contracts are essential for the risk management of corporates. Few companies operate without some amount of coverage. The typical insurance includes a risk transfer mechanism. It allows the entity buying insurance to transfer the loss arising from specific risks, perils, or hazards from its equity holder to the insurance provider and its shareholders.
KeywordsRisk Management Credit Risk Hedge Fund Credit Default Swap Insurance Sector
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