Question 1
What is the primary purpose of reinsurance for a direct insurer?
Correct Answer:
To transfer part of the insurance risk to another insurer in exchange for premium
Question 2
In reinsurance terminology, the insurer that buys reinsurance cover is commonly called the:
Correct Answer:
Cedant (or ceding company)
Question 3
Which of the following is a recognised function of reinsurance?
Correct Answer:
Stabilising underwriting results and protecting against large or catastrophic losses
Question 4
Retrocession in the reinsurance market refers to:
Correct Answer:
A reinsurer further transferring part of the risks it has accepted to another reinsurer
Question 5
Which party typically intermediates between cedants and reinsurers in the placement of reinsurance?
Correct Answer:
A reinsurance broker
Question 1
Exam overview

About this Exam

Prepare with the SCI CRI Practice Questions - SCI Certification in Reinsurance (CRI) Examination Exam practice quiz. This question bank includes 100 questions covering reinsurance, treaty, reinsurer, loss, and typically. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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SCI CRI Practice Questions - SCI Certification in Reinsurance (CRI) Examination Exam

This practice set contains 100 questions from the matching question bank and focuses on reinsurance, treaty, reinsurer, loss, and typically. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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