Question

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

a.

To increase the profitability of the insurance program

b.

To provide additional expertise and strength to the design process

c.

To reduce the overall cost of reinsurance covers

d.

To exclude hazardous risks from the treaty portfolio

Answer: (b).To provide additional expertise and strength to the design process Explanation:The involvement of professional reinsurers and intermediaries in the programme design stage adds strength to the design process by providing additional expertise and knowledge.

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

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