Question

What is the meaning of "Underwriting Year Experience"?

a.

The segregation of premiums and losses for a specific period

b.

The calculation of net risk based on underwriting guidelines

c.

The process of assessing policyholder applications for insurance

d.

The analysis of claims experience for a particular underwriting year

Posted under IC85 Reinsurance Management

Answer: (a).The segregation of premiums and losses for a specific period Explanation:"Underwriting Year Experience" involves segregating all premiums and losses associated with policies having an inception or renewal date within a given twelve-month period. It refers to the grouping of financial data for analysis and assessment.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What is the meaning of "Underwriting Year Experience"?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What does "Underlying" refer to in insurance or reinsurance?

View solution

Q. What is "Ultimate Net Loss" in reinsurance?

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. What is "Surplus Reinsurance"?

View solution

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

View solution

Q. What is "Solvency Margin"?

View solution

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

View solution

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

View solution

Q. What is "Risk Based Capital"?

View solution

Q. What is a "Retrocessionnaire"?

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. What is "Quota-Share Reinsurance"?What is "Reciprocity" 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!

Non Verbal Reasoning

Enhance your cognitive abilities with our Non-Verbal Reasoning category. Dive into...

Cytogenetics

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

Data Interpretation

Master the art of data analysis and interpretation with our Data Interpretation...

IC85 Reinsurance Management

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

Virology

Explore the captivating world of Virology with our specialized category. Dive into...

Chemistry

Unlock the mysteries of chemistry with our Chemistry category. Delve into the...

Dairy Engineering

Dive into the world of Dairy Engineering with our specialized category. Explore the...

Railway Engineering

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

Irrigation Engineering

Master the science of Irrigation Engineering with our dedicated category. Explore...