Automatic Proportional Reinsurance,
How Do You Define Automatic Proportional Reinsurance?
Automated proportional reinsurance is insurance that is insurance based on a fixed ratio based on the distribution of premiums, expenses and losses between the primary insurer and the insurance company. Therefore, automated proportional reinsurance serves as a risk management backup option for insurance companies. Insurers can get this type of insurance if they feel they have taken too much risk.
Literal Meanings of Automatic Proportional Reinsurance
Meanings of Automatic:
Firearms that fire until the ammunition runs out or the trigger is released.
Vehicles with automatic transmission
A mode of operation in which certain tasks of the device are performed manually automatically.
Another term for sound
(Of a device or process) that operates solely and exclusively without human control
Consciously born or born without thought or intention.
Sentences of Automatic
Automatic fast fire
Mercedes 300SL Five Speed Automatic
Automatic kettle that shuts off during cooking
Automatic bodily functions such as breathing
Synonyms of Automatic
instinctive, robotic, computerized, electronic, automated, unconditioned, unmanned, reflex, unconscious, preprogrammed, reflexive, mechanized, involuntary, instinctual, knee-■■■■, mechanical, subconscious, push-button
Meanings of Proportional:
Adjust the size or quantity to fit something else.
Sentences of Proportional
Punishment should be proportional to the crime
Synonyms of Proportional
analogical, correlative, equivalent, corresponding, consistent, comparable, commensurate, relative, proportionate, in proportion, correlated, pro rata, analogous
Meanings of Reinsurance:
An agreement in which an insured transfers all or part of the risk to another insurer to protect himself from the risk of the first insurance.
Sentences of Reinsurance
Such incidents will make it difficult for your clients to get international insurance.