Expose Reinsurance
iStock_000006218863XSmall.jpg "Reinsurance Exposed!")
Reinsurance Technical Terms
Reinsurance: The practice whereby one party, the reinsurer, in consideration of premium paid, agrees to indemnify another party, the reinsured, for part or all of the liability assumed by the reinsured under a policy (or policies) of insurance. There are two methods of reinsuring risks: Treaty Reinsurance and Facultative Reinsurance.