Page 107 - Reinsurance Management IC85

The Insurance Times

experience of the class of business and
country, aggregate exposures, accounting and
settlement performance of the ceding
company, broker, etc.;
b. similar as in (a) above for renewal of treaties;
c. claims information such as provisions to be
made for outstanding claims as well as claims
development;
d. statistical data;
e. information about various companies, etc.

Q. Moonlife Insurance Company wants to enter
into an agreement with Sun Reinsurance
Company. What are the basics of a valid
reinsurance contracts?

Ans: The basics of a valid reinsurance contract are
as below :-
a. Contract of Reinsurance is a contract of insurance

b. It is a separate contract distinct from original
contract of insurance. The person or firms insured
by the primary insurer are not parties to the

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