Reinsurance is insurance of insurance. Reinsurance is a contract that reinsurance companies indemnifies a primary insurer for losses paid...

Claims Forecasting - insurers can use predictive modeling to forecast the number of claims, cause of loss and severity of claims. Fraud...

ROL is a term used to express the cost of reinsurance coverage as the percentage of the limit of coverage. ROL stands for "Rate on Line"....

A form of reinsurance that provides coverage for an individual or a group of risks. The reinsurance company has the right to accept or...

Insurance companies use CAT models to estimate potential losses from CAT events. These models generate a wide variety of outputs used for...

A profit participation clause also called profit sharing or profit commission, is a provision that allows the primary insurer to...

Insurance companies must manage their risk effectively to remain and profitable. Homeowners insurance companies are exposed to a...

Buying homeowner's insurance is an important in protecting your home and property. The first step is to understand what a homeowner...

APIs, or Application Programming Interfaces are powerful tools that can significantly contribute to the growth of your firm. API serve...

A few factors might affect your homeowner insurance: your credit score, age of your home and your prior loss information. Coverage A of...

A captive insurer can be an insurer or reinsurer. A captive insurer is an alternative form of risk management to meet specific needs of...

Usually seen in treaty QS and expressed as a loss ratio. With Loss Corridor, the cedent retain100% losses when loss ratio exceed the...

Fire - territory factors; construction factors; protection factors; Hurricane - territory factors; mitigation factors; Liability premium...

Expense fees per policy Loss costs per policy - historical loss and exposure data and distributions. The non-modeled perils are based on...

Payment from the insurer to the reinsurer to reinstate the protection in the event some of the limit is eroded.

IBNR, also called Incurred but not reported losses. You would guess from the name that those losses are losses that have occurred but...