Page 103 - Reinsurance Management IC85

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etc., can affect statistical trends.

Statistical data are used for production of marketing
information, rating information, premium and claims
trends, assessment of outstanding claims and financial
planning. These are of definite need to both ceding
company and the reinsurers.

Also there is need for assessment of profitability, particularly,
with reference to fluctuations in exchange rates. The
statistical requirements for proportional treaties are different.
The validity of any statistical analysis is dependent upon
the accuracy of the base information.

An efficient statistical system and analysis helps the
ceding company to realise its basic objectives in
reinsurance business. For the reinsurer it helps to
monitor performance of individual treaties, the
business done class-wise, country-wise etc., claims
trends, provisions, exposures etc.

Q. What are the main aspects to be looked into

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