A functional reinsurance is that it
...A functional reinsurance is that it
protects the account of the insurer against large claims
discourage the spread of risk in the insurance market
provides protection for uninsured losses
encourages the insured to make claims from more than one insurer
Correct answer is A
Reinsurance is also known as insurance for insurers or stop-loss insurance.Reinsurance is the practice whereby insurers transfer portions of their risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim.
A risk considered as sub standard in future can be dealt with by insurers through (i) premiu...
The factor which increases the possibility of loss that emanates from the insured attitude is? ...
The duty of a loss assessor is to ensure ...
which of the following professionals is an operator in the reinsurance market? ...
The period of insurance in non-life insurance contract is usually ...