Question
What is the role of reinsurance companies in the Indian
insurance market?Solution
Reinsurance companies play a crucial role in the Indian insurance market by providing insurance to insurance companies. The primary function of reinsurance is to insure the risks of insurance companies and protect them from catastrophic losses. Reinsurance companies work as risk-sharing partners with insurance companies and help them manage their risks more efficiently. In India, reinsurance is regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and operates under the provisions of the Insurance Act, 1938. Hence, option B is correct.
Pipe ‘A’ can fill a tank in 10 hours while pipe ‘B’ can empty it in 12 hours. They were operated on alternate hours starting with pipe ‘A’. ...
Two inlet pipes 'A' and 'B' can fill an empty tank in 36 minutes and 48 minutes, respectively. Another outlet pipe 'C' can empty the tank in 144 minutes...
- Tap 'A' can fill a tank 'X' in 36 minutes while it takes 54 minutes when there is a leakage tank 'Y'. If tap 'B' is 33(1/3)% less efficient than tap 'A', t...
An inlet can fill an empty tank in 7 hours whereas an outlet pipe can empty it in 14 hours. If (N - 1) such outlet pipes having same efficiency and (N +...
Pipes 'E' and 'F' can fill a tank in 20 and 25 minutes respectively. Both are opened together. A leak develops after half of the tank is filled, which r...
Pipe 'A' takes 10 minutes to fill half the tank. Pipe 'B' is 2 times more efficient than pipe 'A'. Find % of tank filled in 5 minutes by both.
Two pipes P and Q can fill tank A in 36 minutes and 72 minutes respectively and empty pipe M can empty the tank in 54 minutes. Tank A has the capacity o...
An inlet pipe can fill an empty tank in 36 minutes whereas an outlet pipe can empty the fully filled tank in 54 minutes. Find the time taken by both the...
Pipe A alone fill the tank in x hours and Pipe B alone fill the tank in (x – 6) hours. If the efficiency of pipe B is double of pipe A and pipe A ...
Two pipes M and N can fill a tank in 20 hours and 30 hours respectively. The pipes were opened together, but pipe N stopped working after sometime and t...
