Question

What are some important aspects to consider when analyzing the gross portfolio for marine-cargo reinsurance?

a.

Cover granted, pattern of exposures, nature of cargo, age and size of vessels, premium rates, number of reporting offices

b.

Location, separation, demarcation, class of construction and fire protection

c.

Group PA policies, passengers in a vehicle or aircraft, and catastrophic exposures

d.

Excess of loss, surplus basis, and proportional

Posted under IC85 Reinsurance Management

Answer: (a).Cover granted, pattern of exposures, nature of cargo, age and size of vessels, premium rates, number of reporting offices Explanation:There are several important aspects to consider when analyzing the gross portfolio for marine-cargo reinsurance, including whether the cover granted in the majority of cases is on all risks terms or limited terms, whether the pattern of exposures per vessel shows a wide variation or is clustered around a certain level with a minority of cases showing materially different exposures, what is the nature of cargo insured and, if possible, a breakdown of the total premium by broad categories of cargo, a breakdown of the premium by the age and size of the vessels carrying the cargo, whether the rates of premium are generally satisfactory, and the number of reporting offices and the feasibility of fully recording commitments in the voyage register.

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Q. What are some important aspects to consider when analyzing the gross portfolio for marine-cargo reinsurance?
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