Q. What are the principal classes of property insurance?

View solution

Q. What is the benefit of using proportional treaties in fire insurance business?

View solution

Q. What is the primary objective of quota-share and surplus treaties in fire insurance?

View solution

Q. What is the purpose of setting up a table of limits?

View solution

Q. Why is it necessary for an insurer to avail of excess of loss covers in fire insurance business?

View solution

Q. What is the main problem in engineering reinsurance?

View solution

Q. Which types of insurance present a relatively balanced range of sums insured in engineering reinsurance?

View solution

Q. What is the solution for insurers in engineering reinsurance to limit commitment on a single risk?

View solution

Q. What is the exposure for total loss in engineering insurance for Advance Loss of Profit / Delay in Start-up?

View solution

Q. What is the most frequent method of cover in engineering reinsurance?

View solution

Q. What is the main reason that the problems for the reinsurer get more complicated in respect of large complex projects?

View solution

Q. Which of the following are considered as exposure for total loss?

View solution

Q. Which is the most frequent method of cover in Engineering reinsurance?

View solution

Q. What does the reinsurer reserve the right to do in certain cases?

View solution

Q. What is the clause inserted by the reinsurer in the agreement to take part in the settlements of claims?

View solution

Q. What is Industrial All Risks reinsurance?

View solution

Q. What is the restriction in treaty capacity for Industrial All Risks reinsurance involving high exposure risks?

View solution

Q. What type of risks are covered under All risks property package reinsurance?

View solution

Q. How does the geographical territory basis operate in All risks property package reinsurance?

View solution

Q. What is the difference between an All Risks package and traditional separate insurances?

View solution