Question

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

a.

By accommodating increasing values due to inflationary trends and improvements in technology

b.

By easily accommodating newer types of cover devised for new developments arising from changes in science and technology

c.

Both a and b

d.

None of the above

Answer: (c).Both a and b Explanation:The reinsurance program can aid in preserving the business efforts of the insurer by accommodating increasing values due to inflationary trends and improvements in technology and by easily accommodating newer types of cover devised for new developments arising from changes in science and technology.

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

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