Q. Why do insurance companies engage in reinsurance?

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Q. What type of risks do reinsurance contracts primarily deal with?

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Q. What are the fundamental objectives of reinsurance?

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Q. What is a subtle difference between life and general insurance regarding reinsurance?

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Q. What does IBNR stand for in the insurance context?

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Q. How do insurance companies handle IBNR?

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Q. What is the primary purpose of the Reinsurance Programme for general insurance?

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Q. According to the General Insurance Reinsurance Regulations, what is one objective of the Reinsurance Programme?

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Q. What is the common objective shared by both Life and General Reinsurance Regulations?

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Q. What is the requirement regarding the filing of the reinsurance programme by life insurers according to the IRDA (Life Insurance – Reinsurance Regulations) 2000?

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Q. Who certifies the profile of the reinsurance programme for life insurers according to the IRDA (Life Insurance – Reinsurance Regulations) 2000?

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Q. What action can the Authority take regarding the reinsurance programme filed by a life insurer as per the IRDA (Life Insurance – Reinsurance Regulations) 2000?

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Q. What is the requirement regarding the maintenance of retention by general insurers according to the IRDA (General Insurance – Reinsurance Regulations) 2000?

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Q. What may the Authority require an insurer to justify regarding its retention policy according to the IRDA (General Insurance – Reinsurance Regulations) 2000?

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Q. What does every insurer need to cede according to the IRDA (General Insurance – Reinsurance Regulations) 2000?

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Q. What is the requirement for the credit rating of reinsurers chosen by the insurer, as per the IRDA (Life Insurance – Reinsurance Regulations) 2000?

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Q. Under what conditions can an insurer place reinsurance business with a reinsurer without prior approval from the Authority, according to the IRDA (Life Insurance – Reinsurance Regulations) 2000?

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Q. What is the condition for a life insurer to have a reinsurance treaty arrangement with its promoter company or its associate/group company according to the IRDA (Life Insurance – Reinsurance Regulations) 2000?

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Q. What information should every insurer submit to the Authority regarding its reinsurance transactions, according to the IRDA (General Insurance – Reinsurance Regulations) 2000?

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Q. What is the timeframe for every insurer to file reinsurance treaty slips and excess of loss cover notes with the Authority, according to the IRDA (General Insurance – Reinsurance Regulations) 2000?

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