Question

What is the definition of reinsurance premium?

a.

The percentage paid to the reinsurer(s) for the sum insured ceded by the ceding insurer

b.

The premium paid by the reinsurer(s) for the sum insured ceded by the ceding insurer

c.

The premium paid by the insured to the ceding insurer for the sum insured

d.

The premium paid by the reinsurer(s) for the risks excluded from the treaty

Posted under IC85 Reinsurance Management

Answer: (a).The percentage paid to the reinsurer(s) for the sum insured ceded by the ceding insurer Explanation:The reinsurance premium is defined as the percentage paid to the reinsurer(s) for the sum insured ceded by the ceding insurer.

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Q. What is the definition of reinsurance premium?
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