Reinsurance is insurance of insurance. Reinsurance is a contract that reinsurance companies indemnifies a primary insurer for losses paid under a primary insurer's policies. Reinsurers assumes risk from primary company.
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See AllClaims Forecasting - insurers can use predictive modeling to forecast the number of claims, cause of loss and severity of claims. Fraud...
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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"....
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A form of reinsurance that provides coverage for an individual or a group of risks. The reinsurance company has the right to accept or...
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