Q. What are the key objectives of an insurer in arranging reinsurance?

View solution

Q. What is the concept of co-insurance?

View solution

Q. What are the functions of reinsurance?

View solution

Q. What risks can reinsurance help insurers accept?

View solution

Q. What is the function of reinsurance in providing increased capacity?

View solution

Q. Why is financial stability important for insurers?

View solution

Q. What is the fundamental principle of insurance?

View solution

Q. How does reinsurance help in ensuring financial stability for insurers?

View solution

Q. What types of risks are particularly important for insurers to protect against?

View solution

Q. What can cause major fluctuations in claims costs for an insurer?

View solution

Q. What is the purpose of reinsurance in insurance business?

View solution

Q. What are the factors that can cause major fluctuations in claims costs?

View solution

Q. What is the basic principle of spread of risks?

View solution

Q. What is the purpose of arranging an excess of loss reinsurance protection?

View solution

Q. How can a well-planned reinsurance program ensure compliance of solvency norms?

View solution

Q. What is the function of excess of loss reinsurance protection?

View solution

Q. How does reinsurance achieve a wider spread of risks?

View solution

Q. What is the aim of the basic principle of spread of risks?

View solution

Q. How can a well-planned reinsurance programme ensure long term profitability?

View solution

Q. What is the analogy used by Dr. F.L. Tuma to describe the function of reinsurance?

View solution