Question

Why do smaller independent reinsurance brokers find it challenging to keep up financially?

a.

Decreased demand for their services

b.

Lack of technological innovation

c.

Increasing competition from larger brokers

d.

Demands for more sophisticated services from ceding insurers

Answer: (d).Demands for more sophisticated services from ceding insurers Explanation:Smaller independent reinsurance brokers find it challenging to keep up financially because ceding insurers have been demanding more-sophisticated services.

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Q. Why do smaller independent reinsurance brokers find it challenging to keep up financially?

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