Question

What is the role of underwriters in controlling accumulation hazards?

a.

To collect and include relevant information for control purposes

b.

To issue policies and accept reinsurance without considering accumulation hazards

c.

To determine the frequency, timing, and severity of catastrophic perils

d.

To analyze earthquake data using seismometers

Posted under IC85 Reinsurance Management

Answer: (a).To collect and include relevant information for control purposes Explanation:Underwriters play a crucial role in controlling accumulation hazards by seeking and including relevant information for control purposes. They need to gather data related to earthquake, storm, tornado, and other perils when issuing policies or accepting reinsurance. This information helps them assess and manage the potential risks associated with accumulation hazards.

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