Question

What is the purpose of the Reinsurance Pools in India?

a.

To increase foreign exchange conservation

b.

To manage reinsurance business in the country

c.

To provide retrocession to member companies

d.

To reduce the retained premiums in the country

Answer: (b).To manage reinsurance business in the country Explanation:The Reinsurance Pools in India were formed in Fire and Hull to increase the retained premiums in the country and were managed by the two statutory reinsurers.

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

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