Reinsurance tutorials #20 What is a commission? In the Insurance and Reinsurance Industry, there are various commissions applicable to the Agreements…
Reinsurance tutorials #19 What is the combined ratio ? The “Combined Ratio”, also called “Operating Ratio”, corresponds to the arithmetic sum of two…
Reinsurance tutorials #18 What is co-insurance? Coinsurance is splitting or spreading risks among multiple parties. It can either be about sharing…
Reinsurance tutorials #17 What is a claims adjuster? Claim adjusters are appointed by insurance companies to investigate a claim. It might be a…
Reinsurance tutorials #16 What is cession? This is when a company ceded part of a risk or part of a multitude of risks to a reinsurer. In other…
Reinsurance tutorials #15 What is cash loss? An insurer who has to settle a major claim may not always have the sufficient cash or does not want to…
Reinsurance tutorials #14 What is cancellation? Cancellation is an ability to cancel a participation in the context of an insurance or reinsurance…
Reinsurance tutorials #13 What is a broker? Broker is a familiar term which we come across very often in insurance. A broker is an independent…
Reinsurance tutorials #12 What is bodily Injury? The insured may cause or be involved in bodily injury claims suffered by a third party. They may be…
Reinsurance tutorials #11 What is an average clause? Definition: A condition by which an insurer determines that the payment for any damage or any…
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