Question

What is a hard market in the context of reinsurance?

a.

A market with low demand and oversupply

b.

A market characterized by excessive underwriting and pricing

c.

A market with a scarcity of products and prudent underwriting

d.

A market with readily available products and deficient pricing

Posted under IC85 Reinsurance Management

Answer: (c).A market with a scarcity of products and prudent underwriting Explanation:A hard market in reinsurance is characterized by a scarcity of products or services for purchase. It is associated with prudent underwriting and adequate pricing.

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Q. What is a hard market in the context of reinsurance?
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