What is the primary function of a reinsurance company?

Q. What is the primary function of a reinsurance company?
Answer: To provide insurance to insurance companies
Notes: A reinsurance company provides insurance to other insurance companies, helping them manage risks by sharing large exposures.

Question Source: 📚This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations. Download the app here.

📌 Question Number: 8 in Structure of Insurance Market in the above course in App.