Question

What is the focus of regulators regarding reinsurance treaties?

a.

Increasing the complexity of treaties

b.

Ensuring timely payment of claims

c.

Enforcing standardized terms

d.

Ensuring completeness and signing of treaties

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (d).Ensuring completeness and signing of treaties Explanation:Regulators around the world are increasingly focused on ensuring the completeness and signing of reinsurance treaties to mitigate risks and promote transparency in the reinsurance market.

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Q. What is the focus of regulators regarding reinsurance treaties?
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