Q. Which data is needed to apply treaty limits and excess retentions?

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Q. How does an accurate and efficient information system benefit the primary insurer in reinsurance business?What is the purpose of maintaining accurate statistics in reinsurance business?

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Q. How does an accurate and efficient information system benefit the primary insurer in reinsurance business?

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Q. What information must the primary insurer make available for inspection by the reinsurer?

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Q. What types of reinsurance statistics are required for effective control?

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Q. When should a major review of acceptances in a treaty be conducted?

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Q. What is the purpose of gathering and analyzing reinsurance statistics?

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Q. What should be reviewed in relation to the accounted premium of a treaty?

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Q. Which individuals are responsible for conducting reviews of reinsurance treaties?

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Q. What factors should be considered when tendering a provisional notice of cancellation to the ceding insurer?

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Q. How long is the typical monitoring period to assess the quality of a treaty?

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Q. What information is summarized in a sheet for treaties with reciprocal exchange?

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Q. What factors are considered when reviewing excess of loss reinsurance?

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Q. What actions should be taken when a provisional notice of cancellation is given by the ceding insurer?

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Q. How do reinsurers estimate outstanding losses for acceptances?

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Q. Which method can be used to estimate outstanding claims if renewal statistics information is provided?

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Q. What does IBNR stand for in the context of estimating outstanding claims?

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Q. Why is it important to combine different methods and maintain consistency in making provisions for outstanding losses?

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Q. What is the purpose of making an additional provision for claims incurred but not reported (IBNR)?

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Q. What is the primary purpose of controlling accumulation hazards in reinsurance?

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