Reinsurance tutorials #42 What is an underwriter? In the reinsurance industry, the job title varies from Underwriter to Account/Client Manager. The…
Reinsurance tutorials #41 What is a stop loss reinsurance? A stop loss is a type of non-proportional reinsurance, just like the excess of loss. The…
Reinsurance tutorials #40 What is run-off? There is no official definition of run-off. So what is run-off? Run-off portfolio refers to insurance…
Reinsurance tutorials #39 What is risk attaching? A reinsurance contract specifies its period of effect: date of inception and date of termination.…
Reinsurance tutorials #38 What is retrocession? Retrocession is a transaction by which a reinsurer transfers risks it has reinsured to another…
Reinsurance tutorials #37 What is retention? Retention is the amount of insurance liability (in pro rata, for participation with the reinsurer) or…
Reinsurance tutorials #36 What is profit commission? A profit commission is another kind that could be part of the reinsurance agreement. The Profit…
Reinsurance tutorials #35 What is priority? In Excess of Loss contracts, PRIORITY means the retention of the company in a reinsurance XL agreement.…
Reinsurance tutorials #34 What is a pricing tool? In the reinsurance industry, Pricing Tools are used on a daily basis. They are vital to assess and…
Reinsurance tutorials #33 What is motor insurance? Motor insurance encompasses own property damages and third party liability when using the vehicle.…
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