Page 207 - Reinsurance Management IC85

Reinsurance Management

thinking is in practice in several developing
countries, where there is outward flow of balances
on account of reinsurances ceded but not
sufficient inward business flow.

vi) This objective again has to be viewed in the
context of market conditions, where underwriting
losses are more predominant and reverse cash
flow is more common.

vii) To be in touch with the developments in
reinsurance thinking and techniques in other
countries of the world.

Q8. What are the reinsurance regulations as per

IRDA's General Insurance (Reinsurance)

Regulations, 2000?

Ans: As per IRDA`s General Insurance (Reinsurance)
Regulations, 2000 procedure to be followed for
reinsurance arrangements are:-
1) The Reinsurance Programme shall continue to be
guided by the following objectives to:
a) maximise retention within the country;

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