Question

What are "Losses Outstanding" in reinsurance?

a.

Losses that have occurred but have not yet been paid

b.

Losses that are currently being investigated by the reinsurer

c.

Losses that are covered by a separate reinsurance contract

d.

Losses that have been reported but are not yet settled

Posted under IC85 Reinsurance Management

Answer: (a).Losses that have occurred but have not yet been paid Explanation:"Losses Outstanding" refers to losses, whether reported or not, that have occurred but have not yet been paid. These are unpaid losses for which the reinsurer is liable.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What are "Losses Outstanding" in reinsurance?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What does the "Losses occurring basis" refer to in excess of loss insurance?

View solution

Q. What do "Losses Paid" refer to in insurance?

View solution

Q. How is the "Loss Ratio" calculated in insurance?

View solution

Q. What is the purpose of a "Loss Ratio Stabilising Clause"?

View solution

Q. What does the "Net Line" represent in insurance?

View solution

Q. What is an "Obligatory Treaty" in reinsurance?

View solution

Q. How is "occurrence" defined in insurance?

View solution

Q. What does "offset" mean in the context of agreements or transactions?

View solution

Q. What are "Original Conditions" in reinsurance?

View solution

Q. What is an "Original Insurer" in the context of reinsurance?

View solution

Q. What does "PML" stand for in insurance terminology?

View solution

Q. How is a "Pool" defined in the insurance and reinsurance industry?

View solution

Q. What does "Portfolio" refer to in the insurance and reinsurance context?

View solution

Q. What is "Portfolio Runoff" in reinsurance?

View solution

Q. What is a "Portfolio Transfer" in the insurance and reinsurance industry?

View solution

Q. What is a "Professional Reinsurer" in the context of the insurance industry?

View solution

Q. What is "Pro Rata Reinsurance"?

View solution

Q. What is "Quota-Share Reinsurance"?

View solution

Q. What is "Quota-Share Reinsurance"?What is "Reciprocity" in the context of reinsurance?

View solution

Q. What is "Reinstatement" in the context of reinsurance?

View solution
View All MCQs on IC85 Reinsurance Management

Recommended Subjects

Are you eager to expand your knowledge beyond IC85 Reinsurance Management? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Railway Engineering

Embark on a journey through the world of railway systems with our Railway Engineering...

Mechatronics

Enter the world of integrated engineering systems with our Mechatronics category....

Cost Accounting

Dive into the realm of Cost Accounting with our specialized category. Explore cost...

Automotive Engine Design

Embark on a thrilling exploration of Automotive Engine Design, where the intricacies...

Human Anatomy and Physiology

Embark on a journey through the human body with our Human Anatomy and Physiology...

Biotechnology

Discover the cutting-edge world of biotechnology with our Biotechnology category....

Geotechnical Engineering

Dive into the world of Geotechnical Engineering with our dedicated category. Explore...

Cell Biology

Delve into the fascinating world of Cell Biology with our specialized category....

Textile Engineering

Explore the dynamic world of Textile Engineering with our specialized category. Delve...