Unit 4: Important Aspects of Insurance Business Management
Reinsurance – Definitions, Reasons for Reinsurance
Reinsurance is a critical component of insurance company operations, serving as a way for insure...
Types of Reinsurance
Reinsurance agreements can be broadly classified into two main types: facultative reinsurance an...
Alternatives to Traditional Reinsurance
Securitization of Risk and Catastrophe Bonds In addition to traditional reinsurance, insurance co...
Insurance and Investments
Insurance companies are significant investors, managing vast portfolios of assets to meet their ...
Rate Making
Rate making, also known as ratemaking or pricing, is the process of determining the premium rate...
Coinsurance – Nature, Purpose, and Problems
Coinsurance is a provision commonly found in property insurance policies that encourages policyh...
Other Important Provisions
Insurance policies often contain provisions that address how losses are shared when multiple pol...