Question

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

a.

An organization specializing in primary insurance business

b.

An organization primarily engaged in reinsurance and related services

c.

An organization operating reinsurance assuming departments in addition to primary insurance business

d.

An organization that offers reinsurance to individual policyholders

Posted under IC85 Reinsurance Management

Answer: (b).An organization primarily engaged in reinsurance and related services Explanation:A "Professional Reinsurer" as an organization whose main business is reinsurance and related services. This distinguishes them from other insurance organizations that may have reinsurance departments but primarily focus on primary insurance.

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