Glossary of reinsurance terms
Reinsurance Definition, Types & Examples - Lesson - Study.com
Reinsurance is the provision of insurance to an insurer to spread their risk and avoid reducing the probability of paying out large sums of money in insurance ...
A reinsurance treaty under which the ceding company must transfer exposures of a defined class that the reinsurer must accept in accordance with the terms of ...
Basics of Reinsurance - Munich Re
(Hence the terminology 'Excess of. Loss' / XoL.) • Reinsured and Reinsurers do not share the risk, they share the loss on an XoL basis. • Loss ...
Glossary - International Association of Insurance Supervisors
The IAIS Glossary provides definitions of terms used by the IAIS and is aimed to facilitate the reading of IAIS supervisory material.
Insurance Terminology Glossary - The Doctors Company
A written notice, demand, lawsuit, arbitration proceeding, or screening panel in which a demand is made for money or a bill reduction.
Reinsurance | MS&AD Insurance Group Holdings, Inc.
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Glossary of terms | The Hanover Insurance Group
The Hanover's list of insurance terms defined for educational purposes.
Captive Insurance Glossary & Terms - Capstone Associated Services
A form of reinsurance under which the reinsurer and primary insurer share losses in the same proportion as they share premiums and policy limits.
Reinsurance Glossary - Ultimate Net Loss — Unusual Expenses
The loss amount, including covered loss adjustment expenses (LAE), against which the retention and the reinsurance limits apply. Underwriting Year of Experience ...
Glossary - InsuResilience Global Partnership
Excess of loss insurance is most prevalent in catastrophe reinsurance, where the losses of an insurer per event are layered using attachment and exhaustion ...
Insurance Glossary (R) - MBA Insurance Agency
Denial of insurance must be risk-based. ... Insurance bought by insurers. A reinsurer assumes part of the risk and part of the premium originally taken by the ...
Glossary - Belarusian National Reinsurance Organization
reinsurance when the reinsurer is bound to accept all predefined risks transferred by the primary while the primary insurer is free to choose the risks it wants ...
Fundamentals of Property and Casualty Reinsurance ... - AbeBooks
Fundamentals of Property and Casualty Reinsurance with a Glossary of Reinsurance Terms - Softcover ; Publisher: CreateSpace Independent Publishing Platform, 2011.
Insurance Glossary (R) - Alliance-Group.net
The reinsurance bought by reinsurers to protect their financial stability. ... A method of permitting the final premium for a risk to be adjusted, subject to an ...
Property Insurers: Reinsurance Agreements (Common Forms)
In the absence of and underlying pooling arrangement the reinsurance contract must either be in the name of one reinsured or contain acceptable terminology ...
RI Glossary | PDF | Reinsurance | Deductible - Scribd
- Any one event/cause/accident/occurrence defines the conditions under which a reinsurer becomes involved in a loss under an excess of loss treaty. Losses from ...
Insurance Glossary (R) - Crosby & Henry Inc.
The reinsurance bought by reinsurers to protect their financial stability. ... A method of permitting the final premium for a risk to be adjusted, subject to an ...
Glossary of Insurance Terms - TN.gov
An insurance policy with an accelerated death benefits provision will pay - under certain conditions - all or part of the policy death benefits while the ...
Primary company: In a reinsurance transaction, the insurance company that is reinsured. Prior acts coverage: An additional coverage for claims- ...
Glossary of Common Insurance Terms
Beneficiary - The person, people, or entity designated to receive the death benefits from a life insurance policy or annuity contract. Binder - A temporary ...