This resource is provided by the AM Best organization, a private rater of insurance companies. This online resource is an excellent supplement to your text. Your assignment is to read it and answer any four of the following questions. Each of your responses should be comprehensive and professional. A good response to each question will normally consist of 2-3 paragraphs that demonstrate your understanding. Please repeat my question at the beginning of each response and leave space between your responses. This exercise counts for 20% of your final grade. Take your time and do a good job.

Explain how the four key functions of an insurance organization must work together to generate favorable results in the long run.

Discuss the challenges recently faced by life/annuity companies.

Explain the difference between traditional reinsurance and alternative risk transfer.

Discuss the challenges the industry faces in light of changes in climate patterns.