Reinsurance
CataloguedThe practice whereby insurers transfer portions of their risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim. The party that diversifies its insurance portfolio is known as the ceding party.
Reinsurance sits under General Finance in the Finance domain of the Luminid skills catalogue.
Also known as
- reinsurance claims principles
- re-insurance
- risk transfer
- insurance transfer
- risk diversification
- portfolio transfer
- ceding
- insurance ceding
- risk placement
- excess insurance
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