Page 238 - Reinsurance Management IC85

The Insurance Times

The programme needs to be approved by the
IRDA and is subject to monitoring for placements
with no one rated reinsurer receiving cessions
exceeding 10% of all premium ceded overseas.

One of the key goals of regulations is to assist
the Indian market retain the maximum premium
prior to reinsuring overseas. In this regard the
role of GIC Re is significant as a source of treaty
reinsurance support. Each insurer, including the
life insurers, can define his inward reinsurance
underwriting philosophy and with due approval
of the same from the IRDA write inward
reinsurance. This is another distinctive
development following liberalization.

Q8. How premium rating for Excess Loss
programme on exposure basis is
determined? Explain with Pareto Loss
Distribution analysis.

Ans : Various studies of loss distribution by size of
loss have been made from actual statistics over

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