Question

What role do brokers play in reinsurance transactions?

a.

They arrange settlement between the parties

b.

They provide financial information to users

c.

They underwrite reinsurance contracts

d.

They regulate government bodies and taxation authorities

Posted under IC85 Reinsurance Management

Answer: (a).They arrange settlement between the parties Explanation:Brokers play a role in arranging the settlement between the ceding insurer and the reinsurer. This settlement process is part of the overall service provided by the broker. The broker ensures that the financial transactions and obligations between the parties are appropriately handled and resolved.

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Q. What role do brokers play in reinsurance transactions?
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