Page 106 - Reinsurance Management IC85
P. 106
Reinsurance Management
Treaty name and number, claim number, Treaty
year, limits of cover, currency of claim, details of
loss and date of advice/payment for estimates,
outstandings, and total cost of claims.
Thus, for non-proportional treaties, the analysis should
show accounting,- yearwise results, premiums,
deductions, claims paid, outstanding claims, IBNR claims,
if any, exchange adjustment and underwriting balance.
Q. Discuss the scope of application of EDP in
reinsurance.
Ans: An EDP system helps in efficient and fast compilation
of statistical data.
Most of the routine operations done in a reinsurance
office can be conveniently transferred to an EDP
system.
Some of the possible applications are:
a. for the reinsurer when considering a treaty
offer-to know details of current and historic
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