Question

What is accumulation in insurance?

a.

When several people are affected by a loss

b.

When several policies arranged in respect of one and the same individual are affected

c.

When several insurers participate in a reinsurance treaty

d.

Both a and b

Posted under IC85 Reinsurance Management

Answer: (d).Both a and b Explanation:Accumulation in insurance can refer to situations where several people are affected by a loss or where several policies arranged in respect of one and the same individual are affected.

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