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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.

Affinity sales

Insurance can be sold through groups such as professional and business associations, providing coverage for members at a discounted rate. This method, known as group insuran...

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Premature death

The concept of premature death refers to an untimely passing before it is deemed socially acceptable as a natural occurrence in the cycle of life. This can be a tragic and d...

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Liability insurance

Insurance is a contract between a policy-holder and an insurance company where the former agrees to pay a premium in exchange for coverage in case of any financial losses du...

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Public insurance

Insurance coverage can be provided by either government bodies or private agencies that operate under government supervision and control. This ensures that the policies and ...

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