Insurance Awareness - Reinsurance
Which Indian organization primarily acts as a reinsurer providing treaty reinsurance services?
Which Indian organization primarily acts as a reinsurer providing treaty reinsurance services?
medium Q15 of 15
Step-by-Step Solution
Step 1: Identify the Indian reinsurer
GIC Re is the primary Indian reinsurer providing treaty reinsurance services to insurers.Final Answer:
General Insurance Corporation of India (GIC Re) → Option AQuick Check:
LIC is a life insurer, IRDAI is regulator, and New India Assurance is a general insurer, not a reinsurer.
Quick Trick: GIC Re = India's national reinsurer.
Common Mistakes:
MISTAKES- Confusing insurers or regulators with reinsurers.
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