National investment insurance programmes exist in most developed countries to provide coverage for expropriation, war and repatriation risks.

I'm not risking anything.

If you're thinking about people taking too much risk and not understanding how much risk they're taking or taking too little risk, we need to think about that.

At the same time, however, commercial banks insist on minimizing their exposure to completion, commercial, political or other project risks.

Those types of insurances are usually available at the commercial insurance markets, although the availability of commercial insurance may be limited for certain force majeure risks (e.g. war, riots, vandalism, earthquakes, hurricanes) which one or more of the parties will need to absorb.

An organization must actively control how and to what extent the risks to its assets should be absorbed, self insured, transferred to contractors or underwritten by insurers.

49. While the very nature of demining makes it inherently risky, the Office of Internal Oversight Services is also concerned that an overall risk assessment was not conducted by the Insurance Section, the broker or the underwriter.

The broker identified a company willing to underwrite this risk for an annual premium of 66,000, and a contract was secured.

I don't want to take such a risk.

Both sides need political leaders willing to take real risks for peace, including the risk of being killed. After all, ordinary soldiers take this risk, so why should political leaders who can do much greater good or ill be immune to it?

The risk is currently underwritten by a consortium of European based insurance companies for a three year period ending 30 September 1998.

Clearly, the insured risks were a small part of the total risk. Moreover, much of that risk, even if insured, continues to be borne in Japan, rather than being spread effectively to foreign investors, so Japan is still alone in bearing the costs.

The Office of Internal Oversight Services believes that the combination of these lines could make the risk package more attractive to underwriters, since the exposures would be spread across a wider spectrum of locations and risk profiles.

Article 28 When an insurer transfers part of its accepted business to another insurer by way of cession, it is referred to as reinsurance.

We were risk takers, of course.

Then it won't be me who will expose him. He'll expose himself.

The subterranean depth may be utilised by the landowner, by a person who has received the land in permanent use, by a natural or legal persons, including foreign individuals and legal entities, which have concluded agreement with the landowner.

(a) The Insurance Section could not confirm how the various risk profiles were sold to the insurance market, since the brokers were not required to forward copies of the requests for proposals sent to prospective underwriters at the time of bidding or renewing coverage.

Family allowances

In addition to protecting the worker, the scheme offers security to affiliated employers, since it covers the obligations incumbent on an employer when one of his workers suffers injury due to an occupational risk.

The position of risk manager, according to one generic job description provided by industry sources, includes responsibility for supervising corporate policy in risk retention and management, fire protection, security and personnel safety.

(b) The State has assumed the risk of that situation occurring.

Performance of comprehensive risk assessments of both the foreign property and demining liability programmes

The risks arising from the volatility of capital, which were currently assumed, for the most part, by recipient countries, must be more widely shared, especially by investors.

8. Insurance premiums as measures of the effectiveness of risk management activities

Bermuda remains the world's leading domicile for captive insurance and reinsurance companies.

It is widely felt that normal market risks, including currency devaluation risk, should be borne by the private sector and that only those factors out of their control, such as regulatory risks and force majeur, should be covered by the public sector.17

An insurer refers to the insurance company which enters into an insurance contract with an applicant and is obligated to make indemnity or payments of the insurance benefits.

These other risk management departments shall take charge of identifying and evaluating various kinds of risks, including their own compliance risks, and reporting the related compliance risk information to the compliance department, and shall, with cooperation with the compliance department, monitor and evaluate compliance risk.

Since all risks of financial loss are therefore assumed by the Organization and the participants, OIOS maintains its observation that the health insurance programme is essentially run on a self insured basis.

take the lead in large projects.

The insurance companies settle cases discreetly and simply increase premiums in high risk regions.

This requires close coordination with a broker as well as careful determination of the way risks are presented to the underwriters.

The sum insured refers to the maximum amount which the insurer undertakes to indemnify or pay under its insurance obligation.

In commercial transactions, the person relying on a signature always takes the risk that the signature is not genuine, so he evaluates the risk that the signature is not genuine and protects himself accordingly.

However, the Office of Internal Oversight Services views the establishment of commercial insurance coverage for property, casualty and third party liability as predominantly a specialized procurement and contract management function requiring specialized expertise in identifying and assessing risks, defining coverage specifications and oversight of the brokers and underwriters contracted to protect the Organization from those risks.

As in finance, ensuring that the originator of a risk pays the cost seems to be the most sensible approach. If each nuclear power plant was obliged to insure against the risk that it imposes on society (within and outside the country of its location), it would face the true economic cost of its activities.

19. The Office of Internal Oversight Services also noted that the Insurance Section has no affiliation or membership with professional societies monitoring developments and changes in the commercial insurance arena, such as the Risk and Insurance Management Society and the International Risk Management Institute.

These widespread attitudes illustrate country folk apos s dislike of taking risks.

Unless otherwise specified in the contract, in the event that the sum insured is less than the insured value, the insurer shall undertake the obligation for indemnity pro rata of the sum insured to the insured value.

There were significant profit opportunities for financial intermediaries that could find spare risk bearing capacity, carve out securities to take advantage of it, and thus take a middleman s cut from matching risks with investors who could gain from bearing them. But the advent of derivatives concentrated risk rather than dispersing it, for there was even more money to be made by selling risk to people who did not know how to value it or, indeed, what risks they were bearing.

The lenders will insist that those risks be assumed by the project company and its contractors, of whose competence and reliability they will wish to be assured.

The engagement of the insurance industry is essential as risk insurance could be a passive option for financing these technologies that redistributes the risks between different actors.

This poses additional health risks to children.

In view of the growing importance of demining activities for the United Nations, it is important that the appropriate operational protocol is achieved in order to minimize the Organization s exposure to the risk of third party damage claims, at the same time avoiding a commitment to expensive insurance coverage when the actual operational risks are either ill defined or, indeed, negligible.