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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.

Proposer

He is the insured or the policyholder who seeks protection against financial loss in case of an unfortunate event. A proposer, also known as the policyholder, is an individ...

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Contributory negligence

In legal terms, there exists a concept known as "comparative negligence", which refers to a situation where both parties involved in a civil lawsuit share some responsibilit...

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Adjuster

A key player in the insurance industry is the adjuster, who works for a property/casualty insurer. Their main responsibility is to assess damages and determine appropriate c...

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Combined ratio

Let's explore the concept of combined ratio, a fundamental metric in the world of finance and insurance. Essentially, it measures the percentage of each premium rupee that a...

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