Question

What is the purpose of establishing a decision support system in reinsurance?

a.

To gather and analyze data efficiently

b.

To monitor the performance of individual treaties

c.

To assess claims trends and provisions

d.

To satisfy the information needs of various categories of employees

Answer: (a).To gather and analyze data efficiently Explanation:The purpose of establishing a decision support system in reinsurance is to gather and analyze data efficiently. It helps in collecting relevant information for monitoring the performance of individual treaties, assessing claims trends and provisions, and satisfying the information needs of various categories of employees. A well-designed decision support system enables effective decision making based on accurate and timely data.

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Q. What is the purpose of establishing a decision support system in reinsurance?

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