Question

What is the objective of regional reinsurance corporations like Asian Reinsurance Corporation?

a.

To reduce the drain on foreign exchange resources resulting from the reinsurances of local companies being ceded to foreign companies and to promote local expertise.

b.

To promote foreign exchange resources resulting from the reinsurances of local companies being ceded to foreign companies and to promote international expertise.

c.

To reduce the drain on local exchange resources resulting from the reinsurances of foreign companies being ceded to local companies and to promote local expertise.

d.

To promote local exchange resources resulting from the reinsurances of foreign companies being ceded to local companies and to promote international expertise.

Posted under IC85 Reinsurance Management

Answer: (a).To reduce the drain on foreign exchange resources resulting from the reinsurances of local companies being ceded to foreign companies and to promote local expertise. Explanation:The objective of regional reinsurance corporations is to endeavour to reduce the drain on foreign exchange resources resulting from the reinsurances of local companies being ceded to foreign companies and to promote local expertise.

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Q. What is the objective of regional reinsurance corporations like Asian Reinsurance Corporation?
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