Question

What role do brokers play in the New Market?

a.

Modeling coverage options for clients

b.

Providing consulting services to clients

c.

Comparing solutions from different specialists

d.

All of the above

Posted under IC85 Reinsurance Management

Answer: (d).All of the above Explanation:Brokers in the New Market are expected to assist clients by modeling coverage options, providing consulting services, and offering total reinsurance solutions. They are responsible for helping clients reduce income statement volatility, enhance balance sheet safety, and address a full range of risk management scenarios. Brokers are expected to develop expertise in understanding and quantifying risks, assessing financing alternatives, and obtaining the best prices and terms.

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Q. What role do brokers play in the New Market?
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