Insurance Awareness - Reinsurance
Which Indian entity is the sole national reinsurer providing treaty reinsurance services to general insurers?
Which Indian entity is the sole national reinsurer providing treaty reinsurance services to general insurers?
medium Q6 of 15
Step-by-Step Solution
Step 1: Identify the national reinsurer
GIC Re is the sole national reinsurer in India providing treaty reinsurance services to general insurers.Step 2: Analyze options
LIC is a life insurer, IRDAI is the regulator, and New India Assurance is a general insurer, not a reinsurer.Final Answer:
General Insurance Corporation of India (GIC Re) → Option BQuick Check:
GIC Re plays a key role in treaty reinsurance in India.
Quick Trick: GIC Re = India's national reinsurer.
Common Mistakes:
MISTAKES- Confusing insurers or regulators with reinsurers.
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