(Answered) Risk management true or false with explanationscatastrophe

Engineering

RISK MANAGEMENT: TRUE OR FALSE (with explanations)

Catastrophe bonds are designed to cancel the catastrophe risk of an insurer.
If it were only for the risk managers, we would use expected shortfall instead of Value at Risk in risk management calculations.
Risk management is the CEO's responsibility in the company.
A flattening in statistical distribution makes it easier for the risk manager.

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