There is a reinsurance company. She offers reinsurance to a general insurance company. This general insurance company insures the houses in a village.
A hurricane comes, as it used to be. It destroys the houses, and many claims go to the general insurance company. The owner of the general insurance company hates the hurricane, and pays the claims.
However, some portion of the claims go to the reinsurer as well.
Erm, well, should the reinsurer hate the hurricane, or the ceding company?
I would say, I hate exams, especially UTAR exams!
A hurricane comes, as it used to be. It destroys the houses, and many claims go to the general insurance company. The owner of the general insurance company hates the hurricane, and pays the claims.
However, some portion of the claims go to the reinsurer as well.
Erm, well, should the reinsurer hate the hurricane, or the ceding company?
I would say, I hate exams, especially UTAR exams!
