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Insurance

Retrocession

- One crucial aspect of maintaining financial stability as a reinsurer is through the purchase of reinsurance. This is a form of insurance that provides protection to reinsurers in the event of large and unexpected losses. It is a strategic risk management tool utilized by reinsurers to mitigate potential financial risks. By understanding and utilizing reinsurance effectively, reinsurers can safeguard their financial well-being and continue to provide vital support to the insurance industry.

Incontestability clause

A valuable aspect of life insurance is the incontestability clause. This provision prohibits the insurer from denying liability after two years for misrepresentations or con...

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Policyholder

An insurance policy is a contract between the insurer and the insured. The insured is the individual or entity who purchases the policy from the insurer, typically paying a ...

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Ceding company

In the world of finance, we often come across the term "insurer". This refers to a primary insurer, who assumes a portion of risk under the insurance policies they have acce...

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In Force

Let's discuss an important concept in the realm of finance - insurance with fully paid premiums. This refers to an insurance policy where the premiums have either been paid ...

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