Q. How can reinsurance be used to allow an insurer to accept risks beyond its normal retention?

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Q. How can reinsurance minimize the risk of suffering a greater liability than justified by the financial resources in the event of a catastrophe?

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Q. What is the technical objective of a reinsurance program?

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Q. What is the objective of a reinsurance program relating to the business efforts of the insurer?

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Q. Why is it important to keep the gross account profitable in a reinsurance program?

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Q. What is the primary objective of reinsurance?

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Q. How can the reinsurance program aid in preserving the business efforts of the insurer?

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Q. What is the need to keep the gross account profitable in the reinsurance program?

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Q. How can reinsurance be used to finance growth for a newly formed insurance company?

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Q. What is the ultimate objective of the reinsurance program?

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Q. What is the purpose of obtaining participations in the portfolio of risks of other insurers / reinsurers?

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Q. What is the importance of a good relationship between an insurer and its reinsurers?

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Q. What is the purpose of reinsurance?

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Q. What is the importance of addressing the underlying problem of inadequate rates of direct business?

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Q. The primary objective of reinsurance is that it should reduce the insurer’s probability of ‘ruin’ at a price acceptable to it . In what context is the word ‘ruin’ used by an actuary?

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Q. What is the aim of Gross to Net evaluations?

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Q. In the context of commission earned on ceded business, what decision has to be made?

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Q. What is the importance of the gross experience of a class concerned?

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Q. What is a good index for measuring the effect of the program on retentions?

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Q. What is the critical component in determining a large proportion of the balance being generated?

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