Page 104 - Reinsurance Management IC85

Reinsurance Management

for evolving a statistical system for
reinsurance?

Ans: The main aspects which must be looked into when
working out a statistical system are:
a. accurate statistics for each outward treaty;
b. compilation of outward accounts and other books
of record;
c. reconciliation of balances and cash flow;
d. marketing information necessary for outgoing
treaties;
e. review of business accepted at periodic intervals
to ascertain profitability;
f. statistics needed for thorough analysis of portfolios
underwritten and to locate exposures;
g. statistical and accounting needs of retrocession
treaties;
h. data on large claims;
i checking on aggregate loss amounts due to
individual catastrophe events, which can have an
impact on reinsurance treaties;

j. periodic review of cash flow and outstandings.

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