Q. Why is a quota share treaty not a satisfactory solution for insurers?

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Q. What are the two distinct classes of loss exposures?

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Q. How are retentions fixed for smaller and older vessels?

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Q. What is the purpose of a quota share treaty?

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Q. What is the first step in determining the retention that can be supported by the portfolio of the ceding insurer?

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Q. How is excess of loss protection used by insurers?

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Q. How is the extent of cover necessary for excess of loss protection determined?

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Q. Why is it common practice to place excess of loss cover on a per voyage per event basis?

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Q. What is the purpose of splitting the cover into layers in excess of loss cover?

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Q. How is the technical rating of the basis cover determined?

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Q. What is a voyage register used for in the cargo department?

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Q. Why is automatic reinsurance facility essential in designing surplus treaties in the cargo department?

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Q. What is the primary objective in designing surplus treaties in the cargo department?

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Q. What is the purpose of splitting the cover into layers in cargo insurance?

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Q. How is the premium for excess of loss cover determined?

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Q. What is a voyage register in cargo insurance?

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Q. What is the primary objective in designing surplus treaties in the cargo department?

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Q. What are the two broad categories of hull insurance?

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Q. What is the approach of some countries regarding the freedom of rating and handling claims for larger vessels?

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Q. What is the agreement that exists in the London market regarding the total permissible commission on hull reinsurance?

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