When answering this question, it's important to highlight your direct experience with reinsurance treaties and contracts. Discuss specific types of treaties (e.g., proportional, non-proportional) you have worked with and your role in negotiating, drafting, or managing these agreements. Provide examples of how your work has contributed to effective risk management and any challenges you have overcome. For instance:
"In my previous role at XYZ Insurance, I was responsible for managing both proportional and non-proportional reinsurance treaties. I negotiated terms with reinsurance companies, ensuring that the contracts were favorable and met our risk management needs. One notable project involved drafting a complex non-proportional treaty that significantly reduced our exposure to high-severity claims. This experience has equipped me with a deep understanding of reinsurance contracts and the ability to manage them effectively."
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