Insurance Awareness - Reinsurance
In the reinsurance process, who is called the reinsurer?
In the reinsurance process, who is called the reinsurer?
easy Q3 of 15
Step-by-Step Solution
Step 1: Understand roles in reinsurance
The reinsurer is the insurance company that accepts the risk transferred by the ceding company.Step 2: Analyze options
The insurer transferring risk to another company describes the ceding company, not the reinsurer. The insurer accepting the transferred risk correctly identifies the reinsurer. The policyholder buying insurance is the policyholder, unrelated to reinsurance roles. The government regulator of insurance is the regulator, not involved in risk transfer.Final Answer:
The insurer accepting the transferred risk → Option CQuick Check:
Reinsurer accepts risk; ceding company transfers risk.
Quick Trick: Reinsurer = Receiver of risk.
Common Mistakes:
MISTAKES- Confusing reinsurer with ceding company or policyholder.
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