Insurance Awareness - Reinsurance
Which of the following international reinsurers is known for its global presence and is often compared with GIC Re?
Which of the following international reinsurers is known for its global presence and is often compared with GIC Re?
medium Q7 of 15
Step-by-Step Solution
Step 1: Identify international reinsurers
Lloyd’s of London is a leading global reinsurer known worldwide, often compared with national reinsurers like GIC Re.Step 2: Evaluate other options
LIC, New India Assurance, and Oriental Insurance are Indian insurers, not international reinsurers.Final Answer:
Lloyd’s of London → Option DQuick Check:
Lloyd’s is a market for reinsurance globally, unlike the Indian insurers listed.
Quick Trick: Lloyd’s = global reinsurance market leader.
Common Mistakes:
MISTAKES- Confusing Indian insurers with international reinsurers.
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