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!
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!
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?
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Who insures the reinsurers?