Automatic proportional reinsurance,
Definition of Automatic proportional reinsurance:
A type of reinsurance wherein the insurer automatically reinsures certain risks with his or her reinsurer by transfer. Under this type of reinsurance, premiums and losses are divided between the insurer and reinsurer. The reinsurer pays the insurer a transfer commission.
Meaning of Automatic proportional reinsurance & Automatic proportional reinsurance Definition
