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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.

Frequency reduction

Risk management is a crucial aspect of finance, aimed at reducing the likelihood of unforeseen events. This is achieved through a process known as loss control, which involv...

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Inboard watercraft

A vessel with an integrated propulsion system, commonly known as a motorboat, is a type of watercraft that utilizes a permanent motor as its means of propulsion. This featur...

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Single-premium life

is called a single-premium whole life policy. A single-premium whole life policy, as its name suggests, is a type of whole life insurance where the premium is paid in one l...

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Exclusive agent

A captive agent is an individual who exclusively represents a single insurance company and is bound by a contract not to submit business to any other company unless it has be...

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