Licentiate Examination - IC 11 - Practice of General Insurance Exam - Important Points

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  • General Insurance Corporation (GIC) commenced business operations in 1973.
  • The risk engineer is known as 'the eyes of the underwriter'.
  • Actuaries examine / suggests the pricing of insurance products.
  • Direct Broker - Acting as an intermediary between the insured and the insurer
  • Reinsurance Broker - Acting as an intermediary between the insurer and reinsurer

Practice of General Insurance

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