Glossary of Reinsurance

 

 

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Insurance vs Reinsurance

Insurance and reinsurance are two complementary methods which come into play at different levels.

Discover their similarities and differencies !

 

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How differentiate between reinsurance and double insurance?

Even if reinsurance often leads to the same risk being shared between several operators, this method is different to double insurance which often happens by accident with the insured party being unaware of it.

Find out in this article how distinguish reinsurance with double insurance!

 

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The different types of reinsurance: definition

Even though the reinsurance market only represents approximately 5% of the insurance market, reinsurance coverage remains essential to limit an insurance company’s risk exposure.

Discover the different types of reinsurance and their defintion in this article!

 

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What purpose does reinsurance serve for insurance companies?

Whether it be made compulsory by the public authorities or proves to be compulsory otherwise, insurance allows the policyholders, individuals or companies, to be supported by another for a part or all of their risks.

We may wonder what use does reinsurance stand for insurance companies?

Find out the answer by clicking the below button! 

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Who insures the reinsurers?

 

Insurance is a way for one to share with another the risks brought about by a certain activity. Insurance companies provide financial protection to businesses and individuals through insurance contracts, in exchange for payment. Like any entity, they are exposed to risks inherent to their activity.
 
But then who insures the reinsurers?
 
 

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