Question

Which organization set up the F .A .I .R Non-Life Reinsurance Pool?What is the main objective of the F .A .I .R. Reinsurance Pool?

a.

Lloyd's of LondonTo maximize profitability for its members

b.

Federation of Afro-Asian Insurers & Reinsurers (F .A .I .R .)To provide support for oil and energy businesses

c.

Millî Reasürans T .A .Ş. IstanbulTo accept reinsurance and retrocession business from African and Asian markets

d.

Kingdom of BahrainTo ensure 100% reciprocity for ceded premiums

Posted under IC85 Reinsurance Management

Answer: Federation of Afro-Asian Insurers & Reinsurers (F .A .I .R .)To accept reinsurance and retrocession business from African and Asian markets Explanation:The F.A.I.R Non-Life Reinsurance Pool was set up by the Federation of Afro-Asian Insurers & Reinsurers (F.A.I.R.).The principal objective of the F.A.I.R. Reinsurance Pool is to accept reinsurance and retrocession business from the African and Asian markets.

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Q. Which organization set up the F .A .I .R Non-Life Reinsurance Pool?What is the main objective of the F .A .I .R. Reinsurance Pool?
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