Question
a.
To represent the insurer to the reinsurer/s and handle documentation
b.
To provide intelligence about world markets
c.
To handle tough negotiations and exchange of argumentative messages
d.
All of the above
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 role of an intermediary in the reinsurance placement process?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
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
Q. What is the main difference between direct placements and dealing through intermediaries?
View solution
Q. What is one of the challenges faced by intermediaries in the reinsurance market?
View solution
Q. What is the advantage of using intermediaries in a soft market?
View solution
Q. What is the common objective of both direct placements and dealing through intermediaries?
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!