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UIIC AO Reinsurance — practice questions

Explore 1 free Reinsurance questions in UIIC AO Insurance. Open each question or exercise to read its content, reference answers and available explanation.

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Reinsurance questions and exercises with answers

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The General Insurance Corporation of India (GIC) operates today primarily as:Read the answer and worked solution →

Worked practice questions

The General Insurance Corporation of India (GIC) operates today primarily as:

  1. A life insurer
  2. A surveyor
  3. A health insurer
  4. The only reinsurer in India
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Correct answer: D. The only reinsurer in India

1. The IRDA brochure tracks total insurers in operation in India. 2. The Agricultural Insurance Company is a specialised public-sector insurer. 3. GIC of India is described as the only reinsurer in addition to the 52 insurance companies in operation. _Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "As on date, there are 52 insurance companies in operation in addition to General Insurance Corporation of India, the only reinsurer."_

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