Question

Which of the following tools help in determining quality in the case of inward reinsurance business?

a.

Management Information System

b.

Credit Rating

c.

Retrocession

d.

F oreign exchange expertise

Posted under IC85 Reinsurance Management

Answer: (b).Credit Rating Explanation:The tool of credit rating assists in determining quality in the case of inward reinsurance business. Credit rating is a measure of the financial strength and stability of the reinsurer, providing an indication of their ability to meet their obligations. By assessing the credit rating of potential reinsurers, insurers can gauge the quality and reliability of the reinsurer before entering into a reinsurance agreement.

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Q. Which of the following tools help in determining quality in the case of inward reinsurance business?
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