Detailed exploration of the concept of Cedent, the insurer transferring risk to a reinsurer. Historical context, types, key events, mathematical models, importance, examples, related terms, and more.
A ceding company is the primary insurer that transfers risk to a reinsurer by purchasing reinsurance. This process is crucial in risk management, ensuring stability and protection against large claims.
Lloyd’s is a renowned insurance market located in the City of London, known for its unique structure and vast influence in global insurance and reinsurance markets.
A comprehensive look at the primary insurer, which is the insurance company that initially writes the policy and retains a portion of the risk.
An in-depth look at Pro Rata Reinsurance, its historical context, types, key events, formulas, and practical examples.
An in-depth look at proportional reinsurance, a method where losses and premiums are shared between the insurer and reinsurer based on a fixed percentage.
Quota Share Reinsurance involves the proportional sharing of premiums and losses between an insurer and a reinsurer based on a predetermined retention limit.
Reinsurance is an agreement by which one insurer indemnifies another insurer in part, or in total, for the risks of a policy issued by that other insurer. Explore the historical context, types, key events, and detailed explanations of this vital insurance mechanism.
An in-depth exploration of Reinsurance, a method by which insurance companies limit their risks by transferring part of their policy liabilities to other insurers.
A reinsurer is an entity that provides reinsurance coverage, assuming part or all of the risk liability from primary insurers. This guide covers its definition, types, historical context, applicability, and related terms.
A detailed explanation of retention in the context of risk management, insurance, and reinsurance.
The Retention Limit is the maximum claim amount an insurance company retains before transferring excess liability to reinsurers. This limit determines the maximum risk an insurer keeps before ceding the remainder to reinsurers.
An in-depth exploration of retrocession, a practice where reinsurers transfer risks assumed from a primary insurer to another reinsurer. Understand its definition, types, and significance in the insurance industry.
Retrocessions involve reinsurance companies transferring part of their risk to other reinsurers, further diversifying and mitigating risk exposure.
Cumulative Liability refers to the total limits of liability of all policies or reinsurance contracts that are outstanding on a single risk. This article explores cumulative liability in reinsurance and liability insurance, offering definitions, examples, and important considerations.
A provision in reinsurance contracts determining the reinsurance company's liability even if the primary insurer becomes insolvent.
Learn about Lloyd's of London, an insurance and reinsurance marketplace composed of syndicates that specialize in various types of risk.
A detailed examination of Portfolio Reinsurance, a coverage strategy where an insurance company's portfolio is ceded to a reinsurer, who reinsures a given percentage of a particular line of business. Includes mechanisms, types, historical context, examples, and related terms.
A comprehensive overview of Excess of Loss Reinsurance, covering its definition, operational mechanism, benefits, historical context, and practical applications in the insurance industry.
A detailed exploration of facultative reinsurance, its definition, types, applicability, comparison with treaty reinsurance, and industry significance.
An in-depth exploration of the Gross Leverage Ratio in insurance, including its definition, components, calculation, and significance in financial analysis.
An in-depth exploration of Gross Net Written Premium Income (GNWPI), its definition, calculation, significance in the insurance industry, and its impact on reinsurance.
Explore the detailed history, evolution, and significance of Lloyd's of London, the leading insurance and reinsurance marketplace, renowned for providing specialized coverage against unique risks.
An in-depth exploration of net premiums written, detailing its definition, how it functions in the insurance industry, its significance, and associated concepts such as reinsurance.
A comprehensive exploration of obligatory reinsurance, including its definition, mechanisms, advantages, disadvantages, types, and application in the insurance industry.
A detailed exploration of the concept of over-line in insurance and reinsurance, which represents coverage that exceeds the normal capacity of an insurer or reinsurer.
A comprehensive explanation of the Quota Share Treaty in pro rata reinsurance, detailing its mechanisms, practical examples, and important considerations.
Understanding reinsurance ceded, its various types, how it differs from reinsurance assumed, and its significance in the insurance industry.
A comprehensive guide to understanding reinsurance, its definition, different types, and the mechanics of how it functions in balancing the insurance market.
An in-depth exploration of underlying retention in insurance, detailing its definition, how it operates, and its significance to insurance companies and policyholders.
A comprehensive guide to the yearly renewable term plan of reinsurance, explaining how it transfers mortality risk from insurers to reinsurers, the process of cession, and its implications in the insurance industry.
