Question

What factors influence the type of reinsurance used by a ceding company?

a.

The company's legal conditions

b.

The forms of reinsurance coverage available in the market

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:The type of reinsurance used by a ceding company is influenced by factors such as the company's legal conditions and the forms of reinsurance coverage available in the market.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What factors influence the type of reinsurance used by a ceding company?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What does the type of reinsurance depend on?

View solution

Q. What is Original terms (coinsurance) reinsurance?

View solution

Q. What is Level risk premium reinsurance?

View solution

Q. How does Risk premium reinsurance work?

View solution

Q. Which type of reinsurance involves the reinsurer determining premium rates?

View solution

Q. What distinguishes Risk premium reinsurance from other types?

View solution

Q. What is Excess of loss reinsurance?

View solution

Q. What distinguishes catastrophe reinsurance from stop loss reinsurance?

View solution

Q. How is excess of loss reinsurance organized into different levels?

View solution

Q. What is the purpose of catastrophe reinsurance?

View solution

Q. How does stop loss reinsurance work?

View solution

Q. What is Excess of Loss reinsurance?

View solution

Q. What is Catastrophe reinsurance?

View solution

Q. What is Stop Loss reinsurance?

View solution

Q. What is Financial reinsurance primarily used for?

View solution

Q. What are the two main types of reinsurance based on obligation?

View solution

Q. What is the primary characteristic of the surplus arrangement in reinsurance?

View solution

Q. How is the reinsurance premium calculated in the surplus arrangement?

View solution

Q. Why do insurers generally prefer the surplus method over the quota share method?

View solution

Q. What is a 'declined lives' treaty in reinsurance?

View solution
View All MCQs on IC 92 Actuarial Aspects of Product Development

Recommended Subjects

Are you eager to expand your knowledge beyond IC 92 Actuarial Aspects of Product Development? 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!

Logical Reasoning

Enhance your logical thinking and decision-making abilities with our Logical...

Basic Electrical Engineering

Master the fundamentals of Electrical Engineering with our specialized category....

International Relations

Navigate the complex world of International Relations with our dedicated category....

Tissue Engineering

Delve into the cutting-edge field of Tissue Engineering with our specialized...

IC90 Human Resource Management

Prepare for success in the Insurance Institute of India (III) examination with IC90...

Dairy Engineering

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

Bioinformatics

Unlock the power of data analysis in biology with our Bioinformatics category....

Environmental Engineering

Explore the critical field of Environmental Engineering with our dedicated category....

Civil Engineering

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