Page 233 - Reinsurance Management IC85

Reinsurance Management

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.

D. Objectives relating to the nation -
While the individual insurer generally strives to optimise
his retention in a country which places emphasis on

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