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

Question

Quizplus · Accepted Answer

ART stands for alternative risk transfer. This refers to the use of non-traditional methods for transferring or financing risks that cannot be insured in the traditional insurance market. This may include methods such as captives, securitization, or other financial instruments.

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