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.
On which date Savita Kanswal (Uttarakashi) and many mountaineers died in Draupadi Ka Danda-2 due to a massive avalanche?
Shivalik hills is the other name of
Government’s mission for Financial Inclusion is called as -
Which date is officially observed as "Income Tax Day" in India?
Capital city of Uruguay is
Recently Sivan passed away. Who was he?
Which of the following rivers is also known as the "Dakshin Ganga"?
What significant event does Vijay Diwas (December 16th) commemorate?Â
"Paryushana" is a holy event observed by which community?
Practice of buying or selling of a security by someone who has access to material nonpublic information about the security is known as___________
