Question
An arrangement between two insurance companies whereby
one transfer is a part of risk to other company is called?Solution
The correct term for the described arrangement is "Reinsurance." It involves one insurance company (the ceding company) transferring a part of its risk to another insurance company (the reinsurer) in order to mitigate its overall risk exposure. This allows the ceding company to manage its liabilities more effectively.
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
99.99% of 9.99 + 299.98% of 129.98 = ?2Â
456.9 + 328.10 - 122.98 = ? + 232.11
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
The average marks of 15 candidates were reported as 84. However, it was later discovered that the marks of three candidates were ...
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
15.15% of (150.50 + 249.50) + 8.08³ - (10.10 of 5.05) = ? of (75.75 - 25.25)
A motor boat goes downstream from point A to B ,which is 36 km away from point A, and then returns to A. If actual speed of the boat in still water is 7...
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