Q. ‘If the risk is not a very good risk the insurer may keep less and the amount to be reinsured will therefore increase in case of treaties without a line limitation.’ This is true for which of the following categories of reinsurance?

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Q. Which of the following is a normal method of reinsurance in miscellaneous accident business?

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Q. How is the per event retention managed?

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Q. How is the per risk retention scaled down?

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

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Q. What is retention in practice a combination of?

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

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

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

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

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Q. Why is accumulation control essential in insurance?

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Q. What is accumulation in insurance?

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Q. Who pays the premium for keyman insurance?

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

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Q. What is keyman insurance?

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

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

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Q. What is the life insurance reserve?

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

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

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