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Paolo - Milan Posted 21 years ago
Business & Finance
reinsurance question
please, help me to understand the meaning of this sentence: (by a reassurence company presentation...)
To address our clients' needs through effective reinsurance solutions, innovative reinsurance products and services, and excellent facultative underwriting support. To provide our owners with superior growth in value.
To address our clients' needs through effective reinsurance solutions, innovative reinsurance products and services, and excellent facultative underwriting support. To provide our owners with superior growth in value.
Top answer
' Basically this is where an insurance company transfers to another insurance company all or part of an assumed liability, thus spreading the loss risk any one company has to carry. hl=en&safe=off&q=define%3A+reinsurance&btnG=Search&meta = In the example you have given 'underwriting' is the process whereby an insurer or reinsurer reviews applications submitted for insurance or reinsurance coverage and determines whether it will provide all or part of the coverage being requested for an agreed premium. There are however many definitions depending on whether you are talking about insurance, loans, mortgages etc.
- ' Basically this is where an insurance company transfers to another insurance company all or part of an assumed liability, thus spreading the loss risk any one company has to carry.
- hl=en&safe=off&q=define%3A+reinsurance&btnG=Search&meta = In the example you have given 'underwriting' is the process whereby an insurer or reinsurer reviews applications submitted for insurance or reinsurance coverage and determines whether it will provide all or part of the coverage being requested for an agreed premium.
- There are however many definitions depending on whether you are talking about insurance, loans, mortgages etc.
- hl=en&safe=off&q=define%3A+underwriting&meta =
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1 Answers
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A 'reassurance company' is one that deals in financial 'reinsurance.'
Basically this is where an insurance company transfers to another insurance company all or part of an assumed liability, thus spreading the loss risk any one company has to carry.
For further information visit the following site (and the links from there)
Basically this is where an insurance company transfers to another insurance company all or part of an assumed liability, thus spreading the loss risk any one company has to carry.
For further information visit the following site (and the links from there)
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