Page 136 - Reinsurance Management IC85

The Insurance Times

b) Reinsurers who over period of past five years
enjoy a rating of atleast BBB (with standard and
poor)

c) GIC Re receives 20% statutory cession from all
insurers on all classes of business underwritten
by them.

d) The key areas that a Credit rating agency will
look are:
i) Regulatory framework
ii) Industry analysis
iii) Financial strength of the company
iv) Business and product distribution
v) Management of the company
vi) Flexibility of product pricing
vii) Underwriting
viii) Investments and loan portfolio-liquidity and
loan profile

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