Question

As per IRDA regulation, who among the following can write inward reinsurance business from overseas insurers?

a.

Only life insurance companies

b.

Only non life insurance companies

c.

Only general Insurance companies

d.

Both life and non life insurance companies

Posted under IC85 Reinsurance Management

Answer: (d).Both life and non life insurance companies Explanation:As per IRDA Regulations, both life and non-life insurers in India can write inward reinsurance business from overseas insurers. This means that insurance companies from both sectors are allowed to engage in inward reinsurance transactions with overseas insurers.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. As per IRDA regulation, who among the following can write inward reinsurance business from overseas insurers?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What are the IRDA Regulations regarding inward reinsurance business?

View solution

Q. Which lines of business are most prevalent in reciprocal reinsurance trading?

View solution

Q. Why is reciprocal reinsurance trading considered important by ceding insurers?

View solution

Q. Why does the absence of retrocessional support exert significant influence on the rate quoted by lead underwriter as the primary reinsurer?

View solution

Q. What is the purpose of a management information system in the context of inward reinsurance?

View solution

Q. Why is retrocession an essential tool in the risk management process of reinsurers?

View solution

Q. Who writes inward reinsurance?

View solution

Q. According to IRDA Regulations, which insurers can write inward reinsurance business?

View solution

Q. In what scenario is retrocessional support particularly influential in inward reinsurance?Which type of reinsurance trading is considered important by ceding insurers?

View solution

Q. In what scenario is retrocessional support particularly influential in inward reinsurance?

View solution

Q. What is the requirement for monitoring the results of each acceptance and the inward portfolio in inward reinsurance?

View solution

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

View solution

Q. Which entities are involved in writing inward reinsurance?

View solution

Q. In inward reinsurance business, why is retrocession required?

View solution

Q. What is one requirement stated by IRDA regulations regarding the underwriting policy for inward reinsurance business?

View solution

Q. According to IRDA regulations, which entities can Indian insurers write inward reinsurance business from?

View solution

Q. What are the advantages of larger premium reciprocity for the ceding insurer?

View solution

Q. What is one potential danger in accepting large premium reciprocity from a treaty with low average profitability?

View solution

Q. In reciprocal reinsurance trading, what can be adjusted to keep the treaty exchanges balanced?

View solution

Q. In which lines of business is reciprocal reinsurance trading most prevalent?

View solution
View All MCQs on IC85 Reinsurance Management

Recommended Subjects

Are you eager to expand your knowledge beyond IC85 Reinsurance Management? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Cell Biology

Delve into the fascinating world of Cell Biology with our specialized category....

Analytical Instrumentation

Dive into the world of precise measurements with our Analytical Instrumentation...

Non Verbal Reasoning

Enhance your cognitive abilities with our Non-Verbal Reasoning category. Dive into...

Heat Transfer

Explore the fascinating world of heat transfer with our Heat Transfer category....

Microbiology

Uncover the fascinating world of microbes with our Microbiology category. Delve into...

Dairy Engineering

Dive into the world of Dairy Engineering with our specialized category. Explore the...

Biochemistry

Delve into the intricate world of Biochemistry with our Biochemistry category....

Renewable Energy

Explore the sustainable future of energy with our Renewable Energy category. Dive...

Drug and Pharmaceutical Biotechnology

Navigate the world of pharmaceuticals and biotechnology with our dedicated category....