Role of insurance and reinsurance in corporate risk management

Submit an essay on the expected role of insurance and reinsurance in corporate risk management following the Covid-19 Pandemic. The essay should critically evaluate the insurance lines that are most likely to be affected and how reinsurance contracts and advisory services can help insurers and corporates mitigate the impact of the pandemic

Sample Solution

Melted Natural Gas (LNG) is gaseous petrol which has been packed 50-80 times in barometrical weight and afterward cooled to – 162C° (- 260°F) to gather into fluid for simplicity of capacity and transportation. LNG occupies multiple times less room than petroleum gas. To keep up this structure LNG should be kept in cryogenic tanks. LNG is unscented, dull, non-destructive and non-harmful. It is just combustible in convergences of 5-15% of LNG fume in air. Underneath 5% it won’t touch off, or more 15% there is an excess of gas and insufficient oxygen to consume.

LNG can self-touch off at temperatures between – 188 to – 135C°, and in this way it is named a Low Flashpoint Liquid (LFL). LFL have streak point underneath 60C° and furthermore incorporate di-methyl ether (DME), fluid oil gas (LPG) and methanol.

LNG is a petroleum product made out of a blend of methane, ethane, propane and butane with limited quantities of heavier hydrocarbons and a few debasements nitrogen, water, carbon dioxide and hydrogen sulfide. The pollutions are evacuated during liquefaction process. Contrasted with diesel, LNG contains no sulfur or particulate issue, around 85-90% less nitrogen oxides and 25% less carbon dioxide

Contrasts between the frameworks of HFO and LNG

In this section the distinctions will be referenced in the blink of an eye.

Fuel tanks

The fuel tanks are totally extraordinary, the HFO is required to be warmed somewhere in the range of 40 and 60 C° and the tanks are very straightforward. The fuel tanks are frame coordinated and are a piece of the boat development . The framework has likewise two kinds of tanks, substantial oil tanks and settling tanks. The HFO is now isolated from polluting influences in the settling tanks.

The LNG tanks are required to remain under – 162 C° and the tanks are required to be vacuum disengaged to remain the temperature underneath – 162 C°. The tanks can’t be a piece of the boat development with this temperature run. The tanks could be set at hand, yet in addition in the payload area(not right, ask loek).

Fuel arrangement

The HFO is required to be warmed up somewhere in the range of 50 and 100 C° to be infused to the motor. The HFO is required to be isolated and cleaned twice, between the overwhelming oil tank to the settling tank and between the settling tank to the motor gulf.

The LNG is required to be warmed from – 162 to a temperature somewhere in the range of 0 and 60 C°. With

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