What strategic risk issue does an insurance broker who only operates in their own

country face?


. Define ‘insurance risk’.


 What is a soft insurance market?


. Describe the main features of risks found within the regulatory/legal risk category.


. In risk terms, what is the essential interest of shareholders?


 Brokers will select insurers to recommend to clients based on the terms and

conditions that the insurer offers. Will a broker also guarantee the financial security of

the recommended insurers?