Navigating Risk: The Resilience of Reinsurance in an Uncertain World
Introduction: In today’s rapidly changing and unpredictable world, the need for robust risk management solutions has become paramount. One industry
Read More
MyInsuranceFact
Making Insurance Understandable
MyInsuranceFact
Making Insurance Understandable
Reinsurance
Reinsurance: Definition, Types, Importance, and Examples
Introduction: In the world of insurance, managing risks is paramount. Companies face uncertainties and potential financial losses due to various
Read More
Why Insurance is not a Game of Chance
When many people think of insurance, they might associate it with the idea of gambling. After all, both involve putting
Read More
Treaty Reinsurance: Definition, Types and Examples
A reinsurance convention is simply an agreement between two or further insurance companies whereby one( direct insurer) agrees to cede, and the other or others( reinsurer) agree to accept reinsurance business as per vittles specified in the convention. More specifically, it’s apre-arranged agreement whereby the direct insurer cedes, and the
Read More
Reinsurance is insurance of insurance
where one or further insurance companies agree to compensate the threat, incompletely or altogether, for the policy issued by another one or further insurance companies. Reinsurance indicates the process where the original insurer accepted the threat from the original insured gets the threat covered by another insurer or reinsurer for
Read More