Question

What is the strategic approach of GIC Re in expanding its presence in the reinsurance market?

a.

Setting up representative offices in targeted countries

b.

Focusing on developing markets like Europe and the United States

c.

Acquiring established reinsurers in different regions

d.

Partnering with local insurance companies in emerging markets

Answer: (a).Setting up representative offices in targeted countries Explanation:GIC Re is setting up representative offices in targeted countries, which will later become their actual offices once they meet all the local regulations.

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Q. What is the strategic approach of GIC Re in expanding its presence in the reinsurance market?

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