Which of the following describes two things the actuary can refer to when opining on the collectability of reinsurance recoverables?

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Assessing the collectability of reinsurance recoverables relies on two kinds of evidence. First, external risk signals such as indications of regulatory actions or recoverables that are overdue beyond a set period (for example, 90 days). These signs point to potential non-collection and should temper the value placed on the recoverables. Second, a clear inventory of the reinsurers, the amounts ceded to each, and the collateral the insurer holds. This shows who the recoverables come from, helps assess concentration and credit risk, and indicates how much protection exists if a reinsurer defaults. Together, these elements give a balanced view: risk indicators plus backing information. The other options are narrower because they capture only one aspect—either risk signals, or the reinsurer listing, or the collateral—without providing the full picture needed to judge collectability.