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What is retrocession?
  • a)
    Reinsurance of reinsurance
  • b)
    Reinsurance of catastrophic events
  • c)
    Reinsurance of individual risks
  • d)
    Reinsurance of losses that occur outside the coverage period
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is retrocession?a)Reinsurance of reinsuranceb)Reinsurance of cata...
Retrocession refers to the reinsurance of reinsurance, where a reinsurer seeks further reinsurance to protect its interests. This can occur when a reinsurer wants to transfer a part of its risk to another reinsurer, effectively sharing the risk again. Retrocession enables reinsurers to manage their exposure to risk and ensure that they have adequate coverage in case of large claims.
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What is retrocession?a)Reinsurance of reinsuranceb)Reinsurance of catastrophic eventsc)Reinsurance of individual risksd)Reinsurance of losses that occur outside the coverage periodCorrect answer is option 'A'. Can you explain this answer?
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What is retrocession?a)Reinsurance of reinsuranceb)Reinsurance of catastrophic eventsc)Reinsurance of individual risksd)Reinsurance of losses that occur outside the coverage periodCorrect answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is retrocession?a)Reinsurance of reinsuranceb)Reinsurance of catastrophic eventsc)Reinsurance of individual risksd)Reinsurance of losses that occur outside the coverage periodCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is retrocession?a)Reinsurance of reinsuranceb)Reinsurance of catastrophic eventsc)Reinsurance of individual risksd)Reinsurance of losses that occur outside the coverage periodCorrect answer is option 'A'. Can you explain this answer?.
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