Page 194 - Reinsurance Management IC85

The Insurance Times

to be stabilised by reducing fluctuations in claims
to the yearly retained account.

B. Business efforts of the insurer -
i. The programme must be such that it is flexible

to accommodate increasing values due to
inflationary trends and improvements in
technology

ii. Newer types of cover which may be devised and
issued for new developments arising from changes
in science and technology and therefore bringing
with it entirely new exposures must be as easily
accomodated within the framework of the
programme.

C. Objectives relating to reinsurers -
While the tendency is to retain as much premium as
possible the reinsurer merits consideration for either
the insurer's own inward reciprocal business or for
reinsurance as a cover requirement. In either case
the reinsurers must be rewarded with profits over a
period of time.

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