Question

What is a potential risk associated with systems and data in reinsurance?

a.

Calculation of premiums

b.

Identification of recoverable claims

c.

Both a and b

d.

None of the above

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).Both a and b Explanation:Systems and data risk in reinsurance includes the risk of incorrectly calculating premiums and failing to identify recoverable claims accurately.

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Q. What is a potential risk associated with systems and data in reinsurance?
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