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.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

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

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

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

Q. What is a "Reinsuring Clause" in the context of reinsurance?

View solution

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

View solution

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

View solution

Q. What is a "Retrocessionnaire"?

View solution

Q. What is "Risk Based Capital"?

View solution

Q. What is "Run-Off Cancellation or Termination"?

View solution

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

View solution

Q. What is "Sliding Scale Commission" in the context of pro rata treaty reinsurance?

View solution

Q. What is a "Slip" in the context of reinsurance?

View solution

Q. What is "Solvency Margin"?

View solution

Q. What is "Stop-Loss Reinsurance" also known as?

View solution

Q. What is "Surplus Reinsurance"?

View solution

Q. What is a "Surplus Treaty" in pro rata reinsurance?

View solution

Q. What is a "Syndicate" in the insurance industry?

View solution

Q. What is a "Treaty" in the context of reinsurance?

View solution

Q. What is a "Treaty" in the context of reinsurance?What is the meaning of "Uberrimae Fidei"?

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!

Biochemistry

Delve into the intricate world of Biochemistry with our Biochemistry category....

Biotechnology

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

Corrosion Engineering

Master the art of preventing material deterioration with our Corrosion Engineering...

IC85 Reinsurance Management

Gear up for success in the Insurance Institute of India (III) examination with IC85...

Human and Cultural Diversity

Explore the rich tapestry of human societies with our Human and Cultural Diversity...

Total Quality Management

Enhance your understanding of quality management with our Total Quality Management...

IC 92 Actuarial Aspects of Product Development

Sharpen your understanding of actuarial principles in product development with our...

Cytogenetics

Delve into the genetic mysteries of chromosomes with our Cytogenetics category....

Engineering Materials

Discover the building blocks of engineering with our Engineering Materials category....