Question

What is group underwriting in the insurance industry?

a.

A practice of redistributing business among group members

b.

The process of ceding risks to professional reinsurers

c.

The pooling of net retentions among insurers with common ownership

d.

The arrangement of excess of loss covers for the entire group portfolio

Answer: (c).The pooling of net retentions among insurers with common ownership Explanation:Group underwriting refers to the practice where insurers with common management or common ownership keep a retention representing the combined capacity of all the group companies and operate a group reinsurance program.

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Q. What is group underwriting in the insurance industry?

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