UNI ConsultingMay 19, 20231 min readWhat is ReinsuranceReinsurance 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.
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.
Predictive Modeling in insurance industryClaims Forecasting - insurers can use predictive modeling to forecast the number of claims, cause of loss and severity of claims. Fraud...
ROLROL 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"....
Facultative ReinsuranceA 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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