Business
Different Treaties in Reinsurance
Different Treaties in Reinsurance Treaty Reinsurance is a pre-negotiated agreement between the primary and the reinsurer. Under this method, there is an arrangement between the…
Insurance
Business
Treaty Reinsurance
Treaty Reinsurance is a pre-negotiated agreement between the primary and the reinsurer. Under this method, there is an arrangement between the ceding company and reinsurer…
Business
Facultative Reinsurance
Facultative reinsurance is purchased by a principal insurer to cover a single risk or a block of risks held in the principal insurer’s book of…
Business
Review the legal considerations of Reinsurance Contract
Reinsurance occurs when multiple insurance companies share risk by purchasing insurance policies from other insurers to limit the total loss the original insurer would experience…
Business
Reinsurance
Reinsurance occurs when multiple insurance companies share risk by purchasing insurance policies from other insurers to limit the total loss the original insurer would experience…
Business
Ex Gratia Payment
Ex Gratia Payment is a payment made to help someone or as a gift, not because you have a legal duty to make it. In…
Business
Essentials of Insurable Interest
Essentials of Insurable Interest Insurable Interest is an economic stake in an event for which an insurance policy is purchased to mitigate the risk of…
Business
Various methods of providing Indemnity
The principle of indemnity is such a principle of insurance stating that an insured may not be compensated by the insurance company in an amount…
Business
Various types of average in practice under Principle of Indemnity
The principle of indemnity is such a principle of insurance stating that an insured may not be compensated by the insurance company in an amount…
Business
Does the principle of indemnity apply to life insurance?
The principle of indemnity is such a principle of insurance stating that an insured may not be compensated by the insurance company in an amount…
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