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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.

Alternative markets

Self-insurance is a financial strategy that involves setting aside funds to cover potential losses instead of purchasing traditional insurance. There are various mechanisms ...

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Insurability

An individual's health, likelihood of injury, and expected lifespan are all factors that contribute to their risk profile. This term refers to the various characteristics an...

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Policyholders surplus

As we delve into the world of finance, it is important to understand the concept of surplus. In insurance, surplus refers to the excess amount of money a company has after c...

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Legal injury

A wrongful violation of a person's rights refers to the unjust or illegal infringement upon an individual's entitlements and liberties. This can occur in various forms, such...

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