Q. Electronic data processing (EDP) techniques in reinsurance have gained acceptance:

View solution

Q. The process of implementing an EDP system in reinsurance involves:

View solution

Q. The Reinsurance Manager is concerned with:

View solution

Q. The use of PC and email in data processing enables:

View solution

Q. What does networking with a mainframe and hardware arrangements like hubs and routers enable?

View solution

Q. What is the term used to describe an internal network connecting all executives and offices within an organization?

View solution

Q. How is access to an intranet typically restricted?

View solution

Q. What is an extranet?

View solution

Q. How do web-based portals and online reinsurance exchanges benefit insurers and reinsurers?

View solution

Q. What is the term used to describe the process of electronically settling statements and making online payments?

View solution

Q. According to Bill Gates, what term is used to describe a system where everyone has access to data that enriches their job and performance?

View solution

Q. How does the availability of real-time data impact performance and growth?

View solution

Q. An organization can internally connect all its executives and offices through a private internet arrangement. What term is used for such arrangement?

View solution

Q. Which of the following is NOT a component of the organization of a reinsurance department?

View solution

Q. What is the purpose of providing a current organizational chart with a brief description of members in an insurer's system?

View solution

Q. What is the potential impact of a decentralized approach to underwriting in an insurer with multiple locations?

View solution

Q. What is the potential impact of a decentralized approach to underwriting in an insurer with multiple locations?What information do regulators and investors typically seek when assessing an insurer's organization?

View solution

Q. Why is delegation of authority important in an organization?

View solution

Q. In a reinsurance company, who is responsible for the acceptance of business and the profits made?

View solution

Q. Which factor contributes to increasing the credibility of the primary insurer and aids in the renewal of treaties?

View solution