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Having observed the regular occurrence and catastrophic financial impact of floods and hailstorms, risk experts advised the risk - takers in the province to consider

Having observed the regular occurrence and catastrophic financial impact of floods and
hailstorms, risk experts advised the risk-takers in the province to consider taking cat
bonds. This risk financing advice forms part of ...(2)
a. alternative risk transfer (ART).
b. the insurance and reinsurance market.
c. thr reinsurance and retrocession market.
d. insurance-linked securities.

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