Assignment - You will post a thoughtful and researched response to discussion questions.
Question: A World Without Reinsurance
Discuss (and in your classmate response posts, debate) what the world economy would look like without reinsurance. Just imagine that the insurance industry exists and sells policies for all sorts of property and casualty exposures, but for whatever reason, world governments have prohibited reinsurance transactions. How would the insurance industry and the world economy be different in a world without reinsurance?
[Hint: Examine the purposes and functions of reinsurance closely, and then extrapolate the absence of this capability to the industry and world economy.]
Attachment:- Assignment File.rar