Page 82 - Reinsurance Management IC85
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Reinsurance Management
agencies. The disadvantages may be the poor
quality of business as the agency is
remunerated by way of commission.
iii. Contact offices of overseas insurances and
reinsurance companies who do not write
business themselves, but forward offers to
their Head Offices for acceptance or assist
in placement of business in the London
Market.
Q. Outline the functions of a Reinsurance
Broker.
Ans: A Reinsurance Broker, with his specialised knowledge
of the market, is able to place the business to the
satisfaction of both the ceding company and the
reinsurer.
His functions are :-
1. To arrange and place various treaties of the ceding
company.
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