Question

What do ceding insurers and reinsurers need periodical statistics for?

a.

Decision making and review purposes

b.

Assessing historical exchange of results

c.

Validating assumptions in excess of loss reinsurance

d.

Reconciling statistics with reinsurance accounts

Answer: (a).Decision making and review purposes Explanation:Both ceding insurers and reinsurers need periodical statistics of their business for decision-making and review purposes. These statistics provide valuable insights into the performance, trends, and outcomes of their reinsurance activities, enabling informed decision making and effective reviews.

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

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