What Term Describes the Process of Reinsurers Themselves Reinsuring in Order

question 25

Multiple Choice

What term describes the process of reinsurers themselves reinsuring in order to reduce risk?

• A) Superannuation
• B) Reinsurance
• C) Retrocession
• D) Underwriting

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Definitions:

Take Care

A phrase used to express consideration or attention towards someone's well-being or to tasks.

Strategic Customer Relationship

The deliberate management of interactions and engagements with customers to foster loyalty, long-term engagement, and mutual value creation.

Mutual Goals

Objectives shared by two or more parties, often aimed at achieving a common outcome or benefit through collaboration.

Core Principles

Fundamental values or beliefs that serve as the foundation for an organization's culture, decisions, and actions.