Risk Transfer Quotes

Taking away the risk from the financial sector and taking it on to the public shoulders is not the right approach.

The concept of insurance is not to share risk but to avoid risk.

Unfortunately, tools that transfer risk can also increase systemic risk if major counterparties fail to manage their own risk exposures properly.

When they are employed wisely, derivatives make the world simpler because they give their buyers an ability to manage and transfer risk.

What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.

The elimination of unnecessary collateral requirements on foreign insurers and reinsurers is not only beneficial for the individual companies, but for the industry as a whole.

From the law firm's perspective, billing by the hour has a certain appeal: it shifts risk from the firm to the client in case the work takes longer than expected. But from a client's perspective, it doesn't work so well. It gives lawyers an incentive to overstaff and to overresearch cases.

In some cases, corporations engaged in this activity have as much as 16 percent of their profits generated through the holding of 'janitor's insurance.'

Liability limit has become a symbol of corporate greed in passing the risk of disaster to the U.S. government and U.S. citizens.