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Insurance

Retrocession

- One crucial aspect of maintaining financial stability as a reinsurer is through the purchase of reinsurance. This is a form of insurance that provides protection to reinsurers in the event of large and unexpected losses. It is a strategic risk management tool utilized by reinsurers to mitigate potential financial risks. By understanding and utilizing reinsurance effectively, reinsurers can safeguard their financial well-being and continue to provide vital support to the insurance industry.

Increasing term insurance

Life insurance is a crucial aspect of financial planning, providing financial security to loved ones in the event of the policyholder's death. One type of life insurance is c...

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Apportionment

In the world of finance, there exists a concept known as "pro rata", which refers to the division of a loss among multiple insurers who have covered the same loss. This is a...

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Aviation insurance

Commercial airlines carry property insurance for their planes and liability insurance for any negligent actions that may cause harm or damage to passengers or third parties....

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Respondeat superior

In the world of finance, there exists a legal principle known as "vicarious liability" that holds a principal accountable for the actions of their agent. This means that the...

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