Question

What are the benefits of group underwriting arrangements and pooling arrangements for small and medium-sized companies?

a.

They enable individual freedom for companies

b.

They create technical expertise for special classes of business

c.

They enhance competition for business

d.

They limit retention capacity for insurers

Posted under IC85 Reinsurance Management

Answer: (b).They create technical expertise for special classes of business Explanation:Group underwriting arrangements and pooling arrangements enable small and medium-sized companies to create technical expertise for special classes of business.

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Q. What are the benefits of group underwriting arrangements and pooling arrangements for small and medium-sized companies?
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