Question
a.
Co-operation and understanding during claim situations
b.
Determining the premium amount
c.
Balancing the surplus treaty
d.
Establishing commission terms
Posted under IC85 Reinsurance Management
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. What is the importance of the reinsurer's general business approach in the placement of higher covers?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. When might reinsurers agree to waive bordereaux for Auto/Fac covers?
View solution
Q. Which of the following treaty is used mainly for small accounts where the extra administrative burden of a surplus can be quite large?
View solution
Q. Which of the following measures is important for improving the national underwriting capacity and retentions?
View solution
Q. What is the primary purpose of participating in pools and ceding on an obligatory basis to national reinsurance organizations?
View solution
Q. Which entity is typically the recipient of obligatory cessions in several countries?
View solution
Q. How does participation in pools and exchange of reinsurance business benefit smaller insurers in specialized classes of business?
View solution
Q. What is one of the challenges faced by insurers when participating in pooling arrangements?
View solution
Q. Why do some countries adopt differential commission terms for insurers' cessions to pools?
View solution
Q. Why do some countries adopt differential commission terms for insurers' cessions to pools?Why do smaller insurers derive long-term benefits from participating in pools, despite potential sacrifices?
View solution
Q. What is the primary reason insurers accept the sacrifice involved in participating in pools?
View solution
Q. What is the purpose of group underwriting and retention?
View solution
Q. How does the formation of market pools differ from group underwriting?
View solution
Q. What is a key benefit of market pools?
View solution
Q. When can market pools be particularly effective?
View solution
Q. Why is it beneficial to involve professional reinsurers in reinsurance placements?
View solution
Q. What is a disadvantage of involving professional reinsurers in the first surplus treaty?
View solution
Q. How do professional reinsurers benefit ceding insurers?
View solution
Q. Why is it logical to provide professional reinsurers a share in basic treaties?
View solution
Q. Which of the following is correct with respect to market pool?
View solution
Q. What is the role of an intermediary in the reinsurance placement process?
View solution
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!
