Question
A standing agreement between insurers and reinsurers.
Under a treaty each party automatically accepts a specific percentage of the insurer’s business is termed as?Solution
Treaty reinsurance is a type of reinsurance in which the reinsurance company accepts all of a particular type of risk from the ceding insurance company. Treaty reinsurance is one of the three main types of reinsurance contracts, the others being facultative reinsurance and excess of loss reinsurance. Treaty reinsurers are obliged to accept all risks outlined in the treaty reinsurance contract.
What is the term used to describe the process of scaling up a startup into a sustainable and profitable business?
Which of the following are good sources of new business ideas?
Which Indian government initiative focuses on promoting innovation and entrepreneurship among students in schools and colleges?
If an entrepreneur has an internal locus of control, this means that he/she:
Why is the notion of ‘vision’ important in entrepreneurship?
Which Indian government scheme focuses on providing financial assistance and business development services to women entrepreneurs?
Which of the following is not an aggressiveness strategy?
An entrepreneur considering if what they are doing makes sense is an example of:
Which one of the following is the main problem for the entrepreneur in the beginning stages of creating a new venture?
What is the term used to describe the process of acquiring or merging with another company to achieve growth or strategic objectives?
