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

Q. What is the primary function of an intermediary in reinsurance placement?

View solution

Q. What does the intermediary's brokerage cover?

View solution

Q. What is one benefit of using an intermediary in reinsurance placement?

View solution

Q. What distinguishes an intermediary from a professional reinsurer?

View solution

Q. Who is responsible for preparing the slip in reinsurance placement?

View solution

Q. What distinguishes lead underwriters in reinsurance placement?

View solution

Q. What is the role of the intermediary in reinsurance placement?

View solution

Q. What does the cover note in reinsurance placement summarize?

View solution

Q. Why is it unwise to place too large a share of the treaty with a reinsurer?

View solution

Q. What is the importance of continuity in relationships with reinsurers?

View solution

Q. What type of reinsurance examination is typically conducted for higher surpluses and facultative reinsurance?

View solution

Q. What should be considered when selecting a reinsurer for the placement of top surplus?

View solution

Q. What is the purpose of arranging working covers on a per event basis and dovetailing them into the catastrophe cover?

View solution

Q. Why should one exercise caution when examining offers with lower rates from different reinsurers?

View solution

Q. What is the importance of keeping the structure of reinsurance arrangements and terms under constant review?

View solution

Q. What is the benefit of good reinsurance arrangements for the insurer?

View solution