Question

Which of the following is an example of how reinsurers extend help in underwriting of cases received by the direct insurer?

a.

Sharing knowledge and resources

b.

Providing financial assistance

c.

Reducing the amount of reserves that must necessarily be held

d.

Tracking an applicant's history of declined proposals

Posted under IC22 Life Insurance Underwriting

Answer: (a).Sharing knowledge and resources Explanation:Reinsurers generally have a pool of talent and knowledge, which helps the clients (the direct insurance companies) in knowledge upgrade and bringing in globally accepted and recognized best practices to their area of work. This helps in designing innovative products and also helps in underwriting of cases received by the direct insurer through their registered offices.

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Q. Which of the following is an example of how reinsurers extend help in underwriting of cases received by the direct insurer?
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