Question

What was the aim of the market Reinsurance Programme?

a.

To maximise aggregate domestic retention

b.

To minimise the drain of foreign exchange

c.

To secure the best terms for business ceded out of the country

d.

To increase net retentions

Posted under IC85 Reinsurance Management

Answer: (d).To increase net retentions Explanation:The main objectives of the market Reinsurance Programme were to maximise aggregate domestic retention, to use the large premium base of the domestic market to secure best terms consistent with the quality of business ceded out of the country, and to increase net retentions.

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