(a) The frequency and size of large claims;

(b) Possible outcomes relating to any disputed claims, particularly where the outcome is subject to legal proceedings;

(c) The ability of the licensee to withstand catastrophic events, increases in unexpected exposures, latent claims or aggregation of claims;

(d) The possible exhaustion of reinsurance arrangements, both on a per-risk and per-event basis;

(e) The non-payment of outstanding claims due to the lack of coverage offered by the reinsurance purchased for underwritten risks (i.e. offsetting potential liabilities);

(f) Social changes regarding an increase in the propensity to claim and to sue;

(g) The impact of unanticipated legal judgements on claims and claims reserves;

(h) Other social, economic and technological changes; and

(i) The risk associated with dealing with a reinsurer, fronting 100% of the risks ceded.