Page 59 - Life Insurance underwriting Ebook IC 22

✓Munich re

✓RGA
✓General cologne re

✓Hannover re

e) The reinsurer have in their teams very competent technical
professions who are expert in claims

f) The IRDA has a clear set of guidelines for the reinsurers including

scope

g) The reinsurance arrangements may be signed by an insurer.

h) The reinsurer takes a proportion of the premium paid by the
policyholder

i) It is usual for the reassurance to be effected at the same rate of
premium.

1.2. Need of reinsurance

The actuary of the life insurance company prices the products and
makes certain virtual morality

✓Medico-actuarial studies
✓Mortality statistics

✓Extensive research
✓Their own expertise in this field

1.3. Retention limit

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