Question
An insurance company enters into an agreement with
another insurer to transfer a portion of its risk portfolio relating to catastrophic losses. This agreement includes terms for premium sharing and claim liability distribution. What is this practice known as, and how does it impact solvency?Solution
Reinsurance helps reduce risk concentration, thereby improving solvency by transferring part of the risk to other insurers.
59-minute loan approval scheme for micro, small and medium enterprises (MSMEs) Is of____?
Which of the following statements about the RBI's monetary penalties on cooperative banks is/are correct?
1. Shikshak Sahakari Bank Limited, Nagp...
For what pioneering endeavor did India secure the 9th GovTech Prize at the World Government Summit 2024?
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____________ has become the world's first government to turn 100 per cent paperless.
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SIDBI has signed MoUs with which state government’s New and Renewable Energy Development Agency to make direct financing options available for micro, ...
