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Insurance

Fronting

Insurance can be a complex world, with various terms and concepts to navigate. One such term is fronting, a practice where a primary insurer issues a policy but transfers the entire risk to a reinsurer in exchange for a commission. This is common in cases where the fronting insurer is licensed to operate in a specific country, but the reinsurer is not. Typically, the reinsurer is a captive or independent insurance company that is unable to sell insurance directly in that country.

Named peril

Insurance policies often include specific risks that are covered, known as perils. These can range from natural disasters such as floods and earthquakes, to man-made events ...

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Burglary

Burglary is a serious crime that involves the illegal taking of property from within a building. This crime is characterized by forceful entry, which often leaves visible si...

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Degree of risk

The relative variation of actual from expected losses is a measure used in finance to assess the accuracy of loss predictions. This metric takes into account the difference ...

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Trustee

A trustee is the individual who holds legal ownership of a trust's property. It is their duty to manage and distribute the assets in accordance with the terms outlined in th...

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