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

Q. As per market practice, the intermediary issues a cover note to the insurer. Which of the following is not included in it?

View solution

Q. What is the purpose of involving professional reinsurers and intermediaries in the programme design stage?

View solution

Q. Why do ceding insurers protect the experience of outward treaty in reciprocal reinsurance trading?

View solution

Q. In which lines of business is reciprocal reinsurance trading more commonly used?

View solution

Q. What is group underwriting in the insurance industry?

View solution

Q. How does market pooling work in the insurance industry?

View solution

Q. What is the role of an intermediary in reciprocal reinsurance negotiations?

View solution