Question

What is the purpose of "Bordereaux" reporting in reinsurance?

a.

To calculate written premiums and losses policy-wise

b.

To provide detailed reports of insurance premiums and losses

c.

To negotiate contracts of reinsurance on behalf of the reinsured

d.

To demonstrate the effectiveness of reinsurance programs

Posted under IC85 Reinsurance Management

Answer: (b).To provide detailed reports of insurance premiums and losses Explanation:Bordereaux reporting involves submitting detailed reports of insurance premiums and losses policy-wise from a reinsured to a reinsurer. This reporting is usually done in respect of pro-rata reinsurance arrangements.

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Q. What is the purpose of "Bordereaux" reporting in reinsurance?
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