France System
I am not sure about how it really works.
In the table, it says it is administered by the Public. However, from what I read, it is the private insurers that sells it, bundled in the policy priced at a 12% extra premium.
What the government seems to offers is the CCR, which is like a public reinsurance for all private insurers. However, an insurer can decide not to use it, which would mean this insurance is completely private in that case.
Does that mean it is is "Publicly administered" just because the rates are defined by the government?
Also what is the difference between the CCR and the Cat Nat program?
Thank you!
Comments
Yeap it is publicly administered because the government is offering subsidy on the premiums through reinsurance. So indirectly, the government determines the rates. CCR is the reinsurer that administers the nat cat program