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Reinsurance Assignment - 100 mks


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Reinsurance Assignment - 100 mks
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Vishal Pandit
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vishal_met
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Reinsurance Assignment - 100 mks - March 20th, 2012

Heyy guys,
I have got an assignment for 100 mks on reinsurance.
Kindly help.....quite urgent....got my neck stuck!
Any help / solutions would be highly appreciated.

==========================================
Reinsurance - Assignment

Trident Insurance Co. approaches you as their broker for arranging reinsurance protection for their fire class of business for the year 1st April 2012 to 31st March 2013. Trident Insurance is in the direct insurance business since past two years.

Their Net Retention per risk is Rs. 10,00,000

They are now looking to purchase a proportional reinsurance treaty capacity of Rs. 50,00,000 either on a quota share basis or on a surplus basis. Estimated Premium Income(EPI) to the proposed treaty for 2012/13: Rs. 8,00,000.

As their broker advice them on the best treaty option and also prepare a slip accordingly for placement of the treaty. Besides the figures given above you may assume other percentages & figures wherever necessary when preparing the placing slip.

Trident Insurance Co., also wishes to protect their above net retention of Rs. 10,00,000 by a suitable non –proportional (i.e excess of loss) treaty. Please advice Trident Insurance a suitable excess of loss treaty structure and also prepare a slip for placement of the non-proportional treaty based on your advice given to Trident Insurance. You may assume figures wherever required.

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Re: Reinsurance Assignment - 100 mks
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Vishal Pandit
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vishal_met
Student of MBA at BVIMR
Bombay, Maharashtra
 
Institute: BVIMR
Status: Offline
Posts: 7
Join Date: Sep 2008
Location: Bombay, Maharashtra
Re: Reinsurance Assignment - 100 mks - March 20th, 2012

Kindly mail any queries/help/solutions/reference material links on:
[email address]

Thanks !
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Re: Reinsurance Assignment - 100 mks
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Vishal Pandit
vishal_met is an unknown quantity at this point
 
vishal_met
Student of MBA at BVIMR
Bombay, Maharashtra
 
Institute: BVIMR
Status: Offline
Posts: 7
Join Date: Sep 2008
Location: Bombay, Maharashtra
Re: Reinsurance Assignment - 100 mks - March 21st, 2012

Heyy friends,
I had got this question on reinsurance in the actuarial exam.
Although Im quite clear about the concept, I had to skip this question.
After discussion with my colleagues, its my understanding that it is related to reinsurance, retrocession, quota share/surplus treaties, excess of loss treaty, GNPI (Please correct me if im wrong)
Im at my wits end.....Needed a systematic approach to this problem.
Any help / solutions would be highly appreciated.

Thanks & warm regards,
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Re: Reinsurance Assignment - 100 mks
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Jenny Shine
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Re: Reinsurance Assignment - 100 mks - 3 Weeks Ago

Quote:
Originally Posted by vishal_met View Post
Heyy guys,
I have got an assignment for 100 mks on reinsurance.
Kindly help.....quite urgent....got my neck stuck!
Any help / solutions would be highly appreciated.

==========================================
Reinsurance - Assignment

Trident Insurance Co. approaches you as their broker for arranging reinsurance protection for their fire class of business for the year 1st April 2012 to 31st March 2013. Trident Insurance is in the direct insurance business since past two years.

Their Net Retention per risk is Rs. 10,00,000

They are now looking to purchase a proportional reinsurance treaty capacity of Rs. 50,00,000 either on a quota share basis or on a surplus basis. Estimated Premium Income(EPI) to the proposed treaty for 2012/13: Rs. 8,00,000.

As their broker advice them on the best treaty option and also prepare a slip accordingly for placement of the treaty. Besides the figures given above you may assume other percentages & figures wherever necessary when preparing the placing slip.

Trident Insurance Co., also wishes to protect their above net retention of Rs. 10,00,000 by a suitable non –proportional (i.e excess of loss) treaty. Please advice Trident Insurance a suitable excess of loss treaty structure and also prepare a slip for placement of the non-proportional treaty based on your advice given to Trident Insurance. You may assume figures wherever required.

================================================== ===
Hey mate,

Here I am up-loading Understanding Reinsurance, please check attachment below.
Attached Files
File Type: pdf Understanding Reinsurance.pdf (2.34 MB, 0 views)
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