Question

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

a.

The reinsurer's financial soundness and promptness

b.

The reinsurer's willingness to drive a hard bargain

c.

The reinsurer's expertise in risk inspections

d.

The reinsurer's familiarity with underdeveloped markets

Posted under IC85 Reinsurance Management

Answer: (a).The reinsurer's financial soundness and promptness Explanation:When selecting a reinsurer for the placement of top surplus, it is important to consider their financial soundness and known reasonableness and promptness. This indicates that the reinsurer's financial stability and ability to handle the placement efficiently are crucial factors. Therefore, option a is the correct answer.

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