Question

What is retention in practice a combination of?

a.

Rating, liquidity, and return

b.

Per risk retention and per event retention

c.

Financial consequences of risk and event-based losses

d.

Catastrophe reserve and reinsurance

Posted under IC85 Reinsurance Management

Answer: (c).Financial consequences of risk and event-based losses Explanation:Retention in practice is a combination of the financial consequences of risk and event-based losses.

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Q. What is retention in practice a combination of?
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