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Welcome to Reinsurance.On-Topic.net!
Introducing Reinsurance Topics. Reinsurance refers to "The practice whereby one party called the Reinsurer in consideration of a premium paid to him agrees to indemnify another party, called the Reinsured, for part or all of the liability assumed by the latter party under a policy or policies of insurance which it has issued. The reinsured may be referred to as the Original or Primary Insurer, or Direct Writing Company, or the Ceding Company."
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Reinsurance Word of the Day
The Reinsurance Word of the Day is Layer. Layer in context to Reinsurance means:
A horizontal segment of the liability insured, e.g., the second $100,000 of a $500,000 liability is the first layer if the ce ... Read More
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