Question

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

a.

Rapid economic development

b.

Large scale insurance business

c.

Foreign exchange conservation

d.

Government direction

Posted under IC85 Reinsurance Management

Answer: (b).Large scale insurance business Explanation:The rapid development of insurance business in India led to an increased need for reinsurance protection.

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