Question

What is the purpose of rating expertise in aviation and special types of liability business?

a.

To enhance the spread of its net account

b.

To limit individual freedom of companies

c.

To reduce competition for business

d.

To improve the retention capacity of insurers

Posted under IC85 Reinsurance Management

Answer: (a).To enhance the spread of its net account Explanation:Rating expertise is used in aviation and special types of liability business to enhance the spread of the insurer's net account and improve its retention capacity.

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Q. What is the purpose of rating expertise in aviation and special types of liability business?
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