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

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

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

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

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

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

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Q. Which company became the Indian reinsurer after nationalisation?

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

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

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Q. What does SWIFT stand for?

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

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

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Q. Who is vested with the authority of regulating and controlling the conduct of insurance business in India?

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Q. What is one of the key goals of regulations for reinsurance after liberalisation?

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Q. Who can define their inward reinsurance underwriting philosophy after liberalisation?

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Q. What was the main objective of the market Reinsurance Programme after nationalisation?

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Q. What was the capacity of SWIFT on a Probable Maximum Loss (PML) basis?

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Q. What is the role of IRDA in regulating reinsurance in India?

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Q. What is the maximum percentage of all premium ceded overseas that can be received by one reinsurer rated as per regulations?

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Q. What was the rating of SWIFT security by Standard and Poor?

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