What is a type of reinsurance in which the reinsurer can accept or reject any risk presented by an insurance company seeking reinsurance?
Facultative insurance is reinsurance for a single risk or a defined package of risks. The ceding company (the primary insurer) is not compelled to submit these risks to the reinsurer, but neither is the reinsurer compelled to provide reinsurance protection. Each risk under a facultative contract is individually underwritten by the reinsurer. Agreement to provide reinsurance “facilitates” the primary insurer’s desire to write the business; without the reinsurance, the primary insurer may be unable to provide coverage for the agent.
Samir V Kamat has been appointed as the Chairman of _______.
_________ is the recipient of the Liberty Medal for the year 2022?
World Health Organization (WHO) recently recommended a new vaccine, R21/Matrix-M, for the prevention of which diesease in children?
‘Ryutu Bandhu’ is a scheme launched by which of the following states?
Which destroyer was deployed to Port Victoria, Seychelles to coincide with the Independence Day of the Seychelles on 29 June2022?
Who has been re-appointed as the Solicitor General of India?
Price theory is also known as _________?
Which is the top ranked nation in the 17th edition of the Climate Change Performance Index, compiled by Germanwatch, the New Climate Institute, and the ...
Recently Nikos Christodoulides was elected as the new President of which of the following country?
The Reserve Bank of India has imposed how much penalty on Axis Bank for failure to comply with Know Your Customer (KYC) regulations after RBI’s Inspec...