Q. What is one of the factors that underwriters must consider when evaluating the cost of reinsurance business?

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Q. Why do insurers write business from overseas in reinsurance?

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Q. What is a potential challenge in obtaining inward reinsurance business to counteract the drain of foreign exchange?

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Q. What objective can be achieved through inward acceptances in reinsurance?

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Q. Why do insurers aim to be in touch with developments in reinsurance thinking and techniques in other countries?

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Q. For which of the following reasons does ‘direct writing insurance companies’ start to write inward reinsurance business?

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Q. What is a key requirement for an insurer or reinsurer to transact inward reinsurance business?

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Q. Why is intimate knowledge of markets and classes of business essential for transacting inward reinsurance business?

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Q. What has changed in the composition of reinsurance capacity in recent years?

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Q. Why should an insurer or reinsurer plan to write a reasonably large line when transacting inward reinsurance business?

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Q. What percentage of global reinsurers rely on retrocessional protection?

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Q. What is the purpose of retrocession in the risk management process of reinsurers?

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Q. How does credit rating assist in determining the quality of retrocession offers?

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Q. What is the role of a management information system in writing inward reinsurance?

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Q. How can accumulation risks arising from inward reinsurance business be controlled?

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Q. What are the two options available to an insurer or reinsurer accepting reinsurance business?

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Q. Why might an insurer or reinsurer starting to write reinsurance business initially choose to write only net lines?

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Q. What is the purpose of a retrocession treaty?

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Q. Why might selling a retrocession treaty placed abroad be challenging?

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Q. What is the relationship between over-riding commission and administrative cost in a retrocession arrangement?

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