ABC insurers just determined that a risk that it was asked to underwrite is too large for it to handle alone. As a result ABC insurers decides to buy insurance from XWZ insurers to cover a portion of the risk. ABC insurer then completes the underwriting and issues the policies. What approach did ABC INSURER use to handle the risk in this case?

Answer rating: 100% (QA)

ABC Insurer used the approach of reinsurance to handle the risk R... View the full answer