Glossary of reinsurance terms
When referred to as "a reinsurance," the term means the reinsurance relationship between reinsured(s) and reinsurer(s). ... That portion of one or more risks the ...
Glossary of Reinsurance Terms - Sign In
A provision in a reinsurance agreement that allows the Reinsurer access to the Ceding Company's books, records and other documents and information.
RGA created this glossary of terms and their definitions to guide our visitors through the complex world of reinsurance. · Accelerated underwriting · Actuary.
Reinsurance Glossary - Hannover Re
Glossary · Accumulation loss · Accumulation risk · Acquisition cost, deferred (DAC) · Aggregate excess of loss treaty · Agricultural insurance · Allocated capital.
The most accurate method uses EXPOSURE EARNED premium (see its definition under EARNED PREMIUM) as the denominator, whereas in practice. ACCOUNTING EARNED ...
Glossary and Acronyms - Lloyd's
Insurance terms · Ab initio. Latin for from the beginning. · Accident year. The calendar or accounting year in which a loss occurs. · Accreditation. The process by ...
Glossary of Insurance Terms - NAIC
Glossary of Insurance Terms · Accident - an unexpected event or circumstance without deliberate intent. · Accident Insurance - insurance for unforeseen bodily ...
Glossary of Reinsurance Terms - Singapore Reinsurers' Association
Reinsurance cover that is purchased by a ceding company to protect both itself and its reinsurers (usually in a quota share) and which applies to net and treaty ...
A form of pro rata reinsurance in which an insurer does not cede participation in all risks to the reinsurer. The insurer sets maximum retention per risk and ...
bordereau: A report provided periodically by the reinsured detailing the reinsurance premiums and/or reinsurance losses with respect to specific risks ceded ...
Market Glossary A-Z - Pro Global
Commutation Clause – A provision in a reinsurance agreement which specifies the terms and conditions for a commutation of a reinsurer's liability under that ...
Glossary of Insurance Terms - California Department of Insurance
Glossary of Insurance Terms · Peril: The cause of a possible loss. · Policy: The written contract of insurance. · Policy Limit: The maximum amount a policy will ...
GlOSSaRy - Swiss Re Annual Report
collective term for fire and business interruption insurance as well as burglary, fidelity guarantee and allied lines. Form of reinsurance arrangement in which ...
Glossary of Reinsurance - eftcapital.org
Based on its business needs, an insurer negotiates with a reinsurer to determine the terms, conditions and costs of a reinsurance contract. Under a reinsurance ...
Glossary of Captive Insurance & Risk Retention Terms | CICA
A captive insurance company established by members of an association to underwrite their own collective risks.
Glossary of reinsurance terms - Érudit
These contributions should preferably, but not essentially, give the requisite definition. Assurances. Page 2. Glossary of reinsurance terms •. With comments by.
Reinsurance Terminology Explained: Bordereau - IRMI
A report providing premium or loss data with respect to identified specific risks. This report is periodically furnished to a reinsurer by the ceding insurers ...
Claims Made Basis – The provision in a contract of insurance or reinsurance that coverage applies only to losses that occur and claims that are made during the ...
Glossary | QBE Insurance Group
Glossary of insurance terms · Accident year experience · Acquisition cost · Admitted insurance · Agent · Attritional claims ratio · Broker · Capacity · Cash profit.
Premiums paid to an insurance company and claims costs that are transferred to another entity in connection with a reinsurance arrangement. Ceding Commission.