Non-traditional way to get insurance

bluewind1492bluewind1492
in NAIC.RRG

Hi,
The only non-traditional way to get insurance as i know is RGG. Are there any other non-traditional way to get insurance? Residual market can be considered as non-traditional way? Sorry to put in in here cause I can't find the NAIC.RGG in category.

Comments

  • Staff - ACStaff - AC

    There are Alternative Risk Transfer (ART) instruments that are hybrids of insurance and finance products, which are becoming more widely used. This is not a part of 6U syllabus.

  • bluewind1492bluewind1492

    I think you are related to non traditional insurance product but my question is non traditional way to get insurance such as RGG. Are Residual market, Surplus line or Self-insurance considered as non traditional ways?

  • grahamgraham

    Note: This discussion was moved from AAA.RetainedRisk to NAIC.RRG.

  • Staff - ACStaff - AC

    "Traditional" is not a very strict way of categorizing insurance. Here, they used it to differentiate RRGs and insurers, in the context of regulation. Elsewhere, it may be used to differentiate insurtech vs non. I have not encountered the ones you mention being referred to as non-traditional.

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