Page 91 - Reinsurance Management IC85

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d. Travel and Training: Travelling should be
done to various markets of the world and
personal contacts should be built up. Courses
and seminars should be conducted for
training the concerned staff.

Q. Discuss briefly the various factors taken into
consideration for evaluation of an inward
surplus treaty offer.

Ans: The factors to be considered are:
a. General considerations of the country from which
business emanates to analyse the political,
economical and social conditions. Other points to
be taken into account are-regulations relating to
insurance, exchange control and taxation, general
structure of insurance market and proneness to
catastrophes like floods, earthquakes, storm etc.

b. Evaluation of ceding company with information
such as year of establishment, financial status,
management, relationship with other insurers
and reinsurers, system of underwriting, business

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