Question

Which part of the reinsurance account includes items such as premium and loss reserves, interest, and loss settlements?

a.

Technical account

b.

Financial account

c.

Portfolio account

d.

Reinsurer's account

Posted under IC85 Reinsurance Management

Answer: (b).Financial account Explanation:The financial account in reinsurance accounting includes various financial items such as premium and loss reserves, interest on reserves, loss settlements made, and other financial transactions. It provides a comprehensive overview of the financial aspects of the reinsurance agreement

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Q. Which part of the reinsurance account includes items such as premium and loss reserves, interest, and loss settlements?
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