Page 120 - Reinsurance Management IC85
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The Insurance Times
After examining all these aspects, an insurance
company has to devise its corporate insurance policy
/ programme.
It can write lines for its net account or it can write
larger shares and create a retrocession treaty to take
care of the surplus over its net retention.
Q. Enumerate the basic objectives of Indian
reinsurance program.
Ans: The objectives of Indian Reinsurance Program are
as follows:
Maximize retention within the country: Every
insurer shall maintain the maximum possible retention
commensurate with its financial strength and volume
of business.
The IRDA may require an insurer to justify
its retention policy and may give such directions as
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