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"Agreed David, there might be opportunities for insurance companies to get in volved in types of risks which they might not traditionally have considered...as long as they are comfortable with the types of probabilities we are talking about and as…"
"Thanks David, would you be able to venture a guess as to what an upper limit might be on the total premium as a percentage of the covered loss amount? Also, w.r.t your comment on the fact that risk is insurable along the curve: surely there will be…"
This might be a new one for you:Imagine an exploration company has a license to do exploratory activities on a piece of land. Initially, a relatively small amount (at a high risk/low probability of success ) is spent on the property in order to…
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