Question

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

a.

To increase foreign exchange drain

b.

To maximise aggregate domestic retention

c.

To reduce the premium base of the domestic market

d.

To decrease the use of reinsurance arrangements

Posted under IC85 Reinsurance Management

Answer: (b).To maximise aggregate domestic retention Explanation:The main objectives of the market Reinsurance Programme after nationalisation were to maximise aggregate domestic retention, use the large premium base of the domestic market to secure the best terms, and minimise the drain of foreign exchange.

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