Question

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

a.

It helps in assessing historical exchange of results.

b.

It ensures timely availability of acceptances.

c.

It aids in the renewal of treaties.

d.

It assists in the review of excess of loss reinsurance.

Answer: (a).It helps in assessing historical exchange of results. Explanation:Maintaining accurate statistics in reinsurance business helps in assessing historical exchange of results. By analyzing past trends and data, insurers and reinsurers can gain insights into their business performance and make informed decisions.

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

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