Question

Why do marine reinsurers have to adopt different attitudes and practices than non-marine reinsurers?

a.

Because marine items to be insured are mobile and travel at high speed

b.

Because marine reinsurers have to look at proportional treaties through the eyes of a marine reinsurance underwriter

c.

Because marine reinsurers have to control the rating and claims processing of local crafts

d.

Both a and b

Answer: (d).Both a and b Explanation:Marine reinsurers have to adopt both attitudes and practices which differ from those of the non-marine market" and that "It is therefore correct to look at proportional treaties very much through the eyes of a marine reinsurance underwriter.

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Q. Why do marine reinsurers have to adopt different attitudes and practices than non-marine reinsurers?

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