Question

What is the general approach of a reinsurer respecting the life insurer's need?

a.

To have a greater reliance on reinsurance

b.

To have no reliance on reinsurance

c.

To provide expertise in understanding mortality and morbidity

d.

To not share the knowledge of market experience worldwide with the reassured

Posted under IC85 Reinsurance Management

Answer: (c).To provide expertise in understanding mortality and morbidity Explanation:The general approach of a reinsurer respects the life insurer's need not to have too great a reliance on reinsurance and to provide expertise in understanding mortality and morbidity.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What is the general approach of a reinsurer respecting the life insurer's need?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is the key element in assessing the true value of assets recoverable from a reinsurer?

View solution

Q. What is the life insurance reserve?

View solution

Q. What has been the trend in life insurance expansion over the last 20 years?

View solution

Q. What is the role of a reinsurer in life insurance?

View solution

Q. What is the life insurance reserve?

View solution

Q. What is a key risk faced by a direct insurer that relies too heavily on one reinsurer?

View solution

Q. What are some peculiarities in reinsuring a life insurance policy?

View solution

Q. What is keyman insurance?

View solution

Q. What is the sum insured related to in keyman insurance?

View solution

Q. Who pays the premium for keyman insurance?

View solution

Q. What is accumulation in insurance?

View solution

Q. Why is accumulation control essential in insurance?

View solution

Q. Standard Fire and special peril insurance is a principal class of _____________

View solution

Q. What is the purpose of setting retention limits by management of an insurer?

View solution

Q. Who approves the retention limits set out by the management of an insurer?

View solution

Q. Are there any formulas or rules that enable an insurer or a reinsurer to decide on their retention?

View solution

Q. What is retention in practice a combination of?

View solution

Q. What are the two types of retention required to be managed?

View solution

Q. How is the per risk retention scaled down?

View solution

Q. How is the per event retention managed?

View solution
View All MCQs on IC85 Reinsurance Management

Recommended Subjects

Are you eager to expand your knowledge beyond IC85 Reinsurance Management? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Engineering Materials

Discover the building blocks of engineering with our Engineering Materials category....

Total Quality Management

Enhance your understanding of quality management with our Total Quality Management...

Human Resource Management

Explore the dynamic field of Human Resource Management (HRM) with our dedicated...

Mass Transfer

Delve into the science of Mass Transfer with our specialized category. Explore...

Human and Cultural Diversity

Explore the rich tapestry of human societies with our Human and Cultural Diversity...

Mechatronics

Enter the world of integrated engineering systems with our Mechatronics category....

Cost Accounting

Dive into the realm of Cost Accounting with our specialized category. Explore cost...

Professional Communication

Hone your communication skills with our Professional Communication category. Enhance...

Mechanical Engineering

Explore the world of Mechanical Engineering with our specialized category. Dive into...