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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.

Involuntary coverage

In finance, there exists a concept known as 'mandatory insurance'. This pertains to the government's requirement for specific groups or individuals to purchase insurance unde...

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Reasonable expectations

The principle of reasonable expectation, an extension of the adhesion doctrine, holds that insurance coverage should be interpreted based on what the insured would reasonabl...

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Group Life Insurance

Group life insurance is a type of coverage that provides financial protection for a group of individuals under a single policy. Unlike individual life insurance, group covera...

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Electronic commerce / e-commerce

The concept of e-commerce has revolutionized the way businesses operate, including the sale of financial products. One such example is the sale of insurance through online p...

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