Question

Why do ceding insurers and reinsurers need periodical statistics of their business?

a.

To monitor the performance of individual treaties

b.

To review past trends for reinsurance business renewal

c.

To reconcile statistics with reinsurance accounts

d.

All of the above

Answer: (d).All of the above Explanation:Ceding insurers and reinsurers need periodical statistics of their business for various reasons. They use statistics to monitor the performance of individual treaties, review past trends for reinsurance business renewal, and reconcile statistics with reinsurance accounts. These statistics provide valuable insights and data for decision making and strategic planning.

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Q. Why do ceding insurers and reinsurers need periodical statistics of their business?

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