Page 102 - Reinsurance Management IC85

Reinsurance Management

a. Acceptance treaties register
b. Brief details register
c. Treaty correspondence file
d. Documentation flow chart
e. Cancellation register
f. Retrocession schedule
g. Accounts flow chart
h. Accounts files
i. Cash loss register
j. Statistical sheets.

Q. Give reasons why an efficient statistical
system is essential in reinsurance.

Ans: For decision-making and performance review, an efficient
statistical system is necessary for both ceding
companies and the reinsurer. The requirements of
statistics are wide ranging. Factors such as class of
business, type of reinsurance contract, legislation of
country of origin, types of claims, currency, inflation

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