Insurance Operations- Chapter 8 Problems
1. Briefly define reinsurance and discuss the basic purpose of reinsurance.
2. Describe some of the practical business goals that reinsurance can help an insurer achieve.
3. List the six principle functions that reinsurance performs for primary insurers.
4. Identify the three sources from which reinsurance may be purchased.
5. Describe the role of a reinsurance intermediary.
6. Contrast treaty reinsurance and facultative reinsurance.
7. Describe the distinguishing characteristic of quota share reinsurance.
8. Describe the purpose of catastrophe excess of loss reinsurance.
9. List and briefly discuss the factors primary insurers consider to determine their reinsurance needs.
10. Describe the effect a wide geographic spread of loss exposures may have on an insurer's reinsurance needs.
Text Book: "Entitles Insurance Operations 2nd edition".