A large UK-based pharmaceutical company is reviewing its risk management strategy. a. Write down the insurance products

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A large UK-based pharmaceutical company is reviewing its risk management strategy.

a. Write down the insurance products that it is likely to consider purchasing to limit the volatility of its results, briefly stating why they are relevant to the company’s risk management structure.

b. Explain why the company might not buy some of these products after all.

c. Explain what a captive is and why the company might decide to use one to as a way of self-insuring some of the risks.

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