Reinsurance Glossary1 A
Under the terms of one widely used intermediary clause, premiums paid a broker by a reinsured are considered paid to the reinsurer, but loss payments and other ...
An amount paid by a reinsured to a reinsurer which is held for the payment of the reinsured's losses. At some time in the future, any balance in the fund ...
Reinsurance Glossary - Accident Year of Experience - FindaLink.net
An additional retention kept by the ceding company of losses otherwise recoverable from the reinsurer. Only after the aggregate retention is exceeded can 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.
Reinsurance. The transfer of insurance risk from an insurer, referred to as the ceding company, to a reinsurer, in conjunction with the payment of a reinsurance ...
Reinsurance Glossary - Hannover Re
The reinsurance treaty attaches when if a ceding insurer incurs losses on a particular line of business during a specific period (usually twelve months) in ...
Market Glossary A-Z - Pro Global
Automatic Reinsurance – A reinsurance agreement, which allows a company to cede, and obligates a reinsurer to accept insurance coverage applicable to a block or ...
Insurance Glossary of Terms - Part 1: A to M
Read on for our glossary of insurance terms. Starting with A to M. Ab initio Latin for from the beginning. Accident year The calendar or accounting year in ...
The transfer is known as a retrocession. Risk Charge: An amount identified in some reinsurance agreements as specifically to be retained by the reinsurer for ...
Glossary of Reinsurance Terms - Provider Risk Stop Loss Insurance
Surplus Reinsurance is coverage that effectively transfers premium from the primary insurer to the Reinsurer thereby improving capital reserve ratios and ...
Glossary of Insurance Terms - NAIC
Glossary of Insurance Terms · Accident - an unexpected event or circumstance without deliberate intent. · Accident Insurance - insurance for unforeseen bodily ...
Basics of Reinsurance - Munich Re
A reinsurance transaction is an agreement between two or more parties, the reinsured or ceding company and reinsurer(s) . The.
Glossary of Reinsurance Terms - Singapore Reinsurers' Association
A form of reinsurance providing excess of loss cover for losses arising from any one event (or vessel) in excess of the reinsured's retention up to an agreed ...
Glossary of reinsurance terms - Érudit
Cession - The unit of insurance transferred to the reinsurer by the ceding company. Combination Plan Reinsurance -A form of combined reinsurance which provides ...
Glossary of insurance and reinsurance terms | Legal Guidance
A · Accident · Accidental damage · Accidental death benefit · Act of God (force majeure) · Active underwriter · Actuary. A person who is ...
Glossary of Reinsurance - eftcapital.org
A reinsurance contract written on a proportional basis simply prorates all premiums, losses and expenses between the insurer and the reinsurer on a pre-arranged ...
Glossary Of Insurance Terms - The Ross Maghan Agency
Title Insurance – coverage that guarantees the validity of a title to real and personal property. Buyers of real and personal property and mortgage lenders rely ...
Reinsurance Definition, Types, and How It Works - Investopedia
Reinsurance is insurance for insurance companies. It results from one or more insurers assuming another insurance company's risk portfolio to try to balance ...
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 of Terms - SGI CANADA
Reinsurer. A company that purchases the cedant risk in the reinsurance contract. Underwriting. The process of reviewing applications submitted for insurance ...