Question

What is the nature of the aviation insurance market?

a.

It is national in scope.

b.

It is not a competitive market.

c.

It is a truly international market.

d.

It is a monopolistic market.

Posted under IC85 Reinsurance Management

Answer: (c).It is a truly international market. Explanation:The aviation insurance market is truly international as risks are placed in all countries through exchange of reinsurance, which makes for a competitive and free market on a worldwide basis.

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