reinsurer
61insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …
62Business and Industry Review — ▪ 1999 Introduction Overview Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …
63retrocession — noun a) The transfer of risk from one reinsurer to another. b) The return of land, etc. that was previously ceded …
64German Nuclear Reactor Insurance Association — The German Nuclear Reactor Insurance Association (German: Deutsche Kernreaktor Versicherungsgemeinschaft DKVG) an association of German insurers of the nuclear industry located in Cologne. The German Nuclear Reactor Insurance Association also is… …
65Mds — Mds–Corretor de Seguros is an insurance broker, leader of the Portuguese insurance brokerage market[citation needed]The company was founded in 1984 to manage the Sonae Group’s insurances and risk policy, but became autonomous and spread its… …
66Outline of actuarial science — The following outline is provided as an overview of and topical guide to actuarial science: Actuarial science – discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries. Contents 1… …
67Reinsurance — The practice of insurers transferring portions of risk portfolios to other parties by some form of agreement in order to reduce the likelihood of having to pay a large obligation resulting from an insurance claim. The intent of reinsurance is for …
68Ultimate Net Loss — A party s total financial obligation when an insured event occurs. The insured s ultimate net loss from costs such as property damage, medical expenses and legal fees will be offset by the portion of the loss that is paid by the insurance company …
69Underlying Retention — The net amount of risk or liability arising from an insurance policy (or policies) that is retained by a ceding company after reinsuring the balance amount of the risk or liability. The degree of underlying retention will vary depending on the… …
70retrocession — ret·ro·ces·sion / re trə ˌse shən/ n [French rétrocession, from Medieval Latin retrocessio retreat, from Late Latin, act of going back, from Latin retrocedere to go back] 1: the return of title to property to its former or true owner; specif in… …
