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

Q. What is the importance of maintaining accurate statistics in reinsurance business?

View solution

Q. What is the purpose of reviewing acceptances in reinsurance business?

View solution

Q. What information is summarized in a reciprocal exchange in reinsurance?

View solution

Q. Why is careful control required for accumulation hazards in reinsurance business?

View solution

Q. What do ceding insurers and reinsurers need periodical statistics for?

View solution

Q. ABC ltd provides database access to their customers as an extension of the intranet to download and use certificates of insurance or to ascertain their own account balance status, etc. This access is known as ____________

View solution

Q. The basic statistics relating to a treaty are collated from _____________ as sent and received.

View solution

Q. While preparing summary sheet in the case of reciprocal exchange, which of the following information is not included?

View solution