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Explanation: A Ceding Company acts as the primary insurer and transfers part or all of the risks it has underwritten to another insurance company known as the Reinsurer. This process is known as reinsurance, and it allows the Ceding Company to mitigate its risk exposure and share the premium received with the Reinsurer. In return, the Reinsurer assumes a portion of the liability and pays a commission to the Ceding Company for transferring the risk.
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A factory produces three types of products: A, B, and C. Initially, the production ratio of A to B to C is 3:4:5. The total number of products produced ...
Shivank purchased a total of 630 kg of wheat, rice, and pulses in the ratio 3:2:4, respectively. After selling 70% of the wheat, 40% of the rice, and 40...
The ratio between two numbers is 7:8. If each number is increased by 9, the ratio between then become 10:11, find the difference between numbers.
Ratio of present ages of mother and her son is 24:8 respectively. Father’s present age is 14 years more than that of mother. If the present average ag...
Two boxes have chocolates in the ratio 7:5. If the difference in the number of chocolates is 28, find the number of chocolates in the box with larger nu...
A classroom has a ratio of male to female students as 2:3. If 4 male and 6 female students join, the ratio of female to male students becomes 5:3. Find ...
The entry ticket at a fun park was increased in the ratio 7 : 9, due to which footfalls fell in the ratio 13 : 11. What is the new daily collection (in ...
