Insurance Awareness - Reinsurance
In the context of Indian Reinsurance Pools, what is the role of the General Insurance Corporation of India (GIC Re)?
In the context of Indian Reinsurance Pools, what is the role of the General Insurance Corporation of India (GIC Re)?
medium Q15 of 15
Step-by-Step Solution
Step 1: Understand GIC Re's function
GIC Re is the national reinsurer in India responsible for managing reinsurance and facilitating risk-sharing among insurers.Final Answer:
To act as the national reinsurer and manage risk-sharing among insurers → Option AQuick Check:
To act as = definition ✅
Quick Trick: GIC Re = National reinsurer, not regulator or direct insurer.
Common Mistakes:
MISTAKES- Confusing GIC Re with IRDAI or LIC.
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