Q. What is the significance of reinsurance for insurers?

View solution

Q. What was the initial form of reinsurance?

View solution

Q. When did proportional treaties become the main form of reinsurance?

View solution

Q. What is excess of loss cover?

View solution

Q. What was the cause of the growing importance of reinsurance companies?

View solution

Q. What is the advantage of reinsurance for new insurance markets?

View solution

Q. What was the main reason for the development of reinsurance in India?

View solution

Q. When was India Reinsurance Corporation formed?

View solution

Q. What is the meaning of "statutory cessions"?

View solution

Q. What is the purpose of the Reinsurance Pools in India?

View solution

Q. Which two Indian reinsurers were approved for statutory cessions?

View solution

Q. What is the main reason for the need for reinsurance in India?

View solution

Q. What was the first professional reinsurance insurer formed in India and when was it established?

View solution

Q. Which types of insurance business were required by statute to be ceded by every insurer in India in 1961?

View solution

Q. Which company became the Indian reinsurer after nationalisation?

View solution

Q. What was the aim of the market Reinsurance Programme?

View solution

Q. How did each of the four subsidiary companies handle their reinsurance cessions?

View solution

Q. What does SWIFT stand for?

View solution

Q. What was the attractive capacity offered by SWIFT on the sum insured basis?

View solution

Q. Which security rating agency gave SWIFT an "A" rating?

View solution