Question

what is cresta? define and give ex pls

Answer 1

CRESTA (Catastrophe Risk Evaluation and Standardizing Target Accumulations) was founded as a joint project of Swiss Reinsurance Company, Gerling-Konzern Globale Reinsurance Company, and Munich Reinsurance Company. ... CRESTA Zones are the essential basis for reinsurance negotiation and portfolio analysis.

Answer 2

CRESTA (Catastrophe Risk Evaluation and Standardizing Target Accumulations) was founded as a joint project of Swiss Reinsurance Company, Gerling-Konzern Globale Reinsurance Company, and Munich Reinsurance Company.CRESTA zone information is used by most insurers for assessing the insurance catastrophe premiums they will charge.CRESTA zones regard the distribution of insured values within a region or country for easier assessment of risks.