InsuranceProduction Automatic treaty Non-owned auto Critical Illness Rider Express warranty Permanent disability
Primary company
Reinsurance, a common practice in the insurance industry, refers to the transfer of risk from one insurance company to another. The reinsurer, often a larger and more financially stable company, assumes part of the liability and premium from the insurer. This allows the insurer to reduce its risk exposure and potentially improve its financial stability. Reinsurance arrangements can vary in structure and complexity, but they ultimately serve to protect both the insurer and the reinsurer from potential losses.
Related terms
Understand the meaning and definition of Production in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Automatic treaty in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Non-owned auto in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Critical Illness Rider in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Express warranty in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Permanent disability in the context of stock market, trading, and investments.
MORE
Explore other categories
10 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
