Reinsurance

Reinsurace

Risk transferred from one insurer to another; a contract whereby the assuming insurer (reinsurer) agrees to indemnify the ceding insurer (cedent) for all or part of the claim liabilities under policies issued by the ceding insurer, which pays the reinsurer a premium in return. By ceding some of its business, an insurer may write more business within its reserve or surplus requirements. Assuming insurers may cede risks to other reinsurers, which is called retrocession. The two basic types of reinsurance are facultative, involving the transfer of individual risks, and treaty, involving the transfer of all risks in a class of business. The ceding insurer usually remains liable for policy claims, and the reinsurer must indemnify the cedent. In the less common assumption reinsurance, the reinsurer becomes directly liable for claims settlement.

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Glossaries

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Reinsurance Sources

(General – Not necessarily accessible by TCIM)

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Run-off Companies and Resources

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Other Resources

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