Different Options Under Alternative Risk Transfer(ART) .

Source

Alternative risk transfer is one of the subtopics under financial transfer which is under the accept option of risk when dealing with risk. The following are the different options under alternative risk transfer;
Captive insurance: It is an Insurance setting where insurance Companies come together to provide compensations or cover for themselves.

Risk fusion: It is setting whereby one is allowed to cover a variety of risk in one insurance policy enabling you to reduce the amount of premium to be paid separately.

Retrospective rated insurance: Here you don't have to pay your premium at the inception but rather at the end of the contract.

Finite risk insurance: You can deposit money in any bank of your choice so that in the case of an eventual loss, you can compensate yourself from that money.

Stop Loss insurance: The policyholder by the terms of the contract tract us to bear a certain amount in every loss before the insurance company will compensate you.

Risk financing pools: Here, organisations come together to make contribution to a certain pool to provide compensation to an individual accord to the terms of the contract.

Catastrophe bond: If there is any change of capital/interest rate due to a natural disaster such as earthquake, typhoon, flood etc leading to a decrease rate, this kind of policy will enable you regain your loss is what we call a catastrophe bond.

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