Question

Why is it important to manage data records consistently in reinsurance?

a.

To reduce reinsurance costs

b.

To streamline administrative operations

c.

To avoid potential disputes and errors

d.

To increase the complexity of reinsurance agreements

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).To avoid potential disputes and errors Explanation:Managing data records consistently in reinsurance is important to avoid potential disputes and errors that may arise from inconsistencies in data management.

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Q. Why is it important to manage data records consistently in reinsurance?
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