Automatic proportional reinsurance

Automatic proportional reinsurance,

Definition of Automatic proportional reinsurance:

  1. 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

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

Automatic:

Meanings of Automatic:
  1. Firearms that fire until the ammunition runs out or the trigger is released.

  2. Vehicles with automatic transmission

  3. A mode of operation in which certain tasks of the device are performed manually automatically.

  4. Another term for sound

  5. (Of a device or process) that operates solely and exclusively without human control

  6. Consciously born or born without thought or intention.

Sentences of Automatic
  1. Automatic fast fire

  2. Mercedes 300SL Five Speed ‚Äč‚ÄčAutomatic

  3. Automatic kettle that shuts off during cooking

  4. Automatic bodily functions such as breathing

Synonyms of Automatic

instinctive, robotic, computerized, electronic, automated, unconditioned, unmanned, reflex, unconscious, preprogrammed, reflexive, mechanized, involuntary, instinctual, knee-jerk, mechanical, subconscious, push-button

Proportional:

Meanings of Proportional:
  1. Adjust the size or quantity to fit something else.

Sentences of Proportional
  1. 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

Reinsurance:

Meanings of Reinsurance:
  1. 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
  1. Such incidents will make it difficult for your clients to get international insurance.

Automatic Proportional Reinsurance,

What is The Definition of Automatic Proportional Reinsurance?

  • Automated proportional reinsurance is based on the distribution of premiums, expenses and claims between a certain default ratio between main insurance and reinsurance. Therefore, automatic proportional reinsurance serves as a risk management backup option for insurers. Insurers can get this type of insurance if they feel they have taken too much risk.

Literal Meanings of Automatic Proportional Reinsurance

Automatic:

Meanings of Automatic:
  1. (Of a device or process) that works alone with little or no human control.

  2. It is created automatically without thinking or paying attention.

  3. A weapon that fires until it runs out of ammunition or until the trigger is released.

  4. A method of operation in which certain functions of an object are performed manually.

Sentences of Automatic
  1. Automatic rapid fire

  2. Most users of this type of camera take pictures automatically.

Synonyms of Automatic

unbidden, gut, impulsive, inadvertent, self-directing, self-activating, habitual, unpremeditated, self-executing, unintended, unwitting, self-regulating, spontaneous, unthinking, unintentional

Proportional:

Meanings of Proportional:
  1. Depending on the size or quantity.

Synonyms of Proportional

commensurable

Reinsurance:

Meanings of Reinsurance:
  1. An agreement in which the insurer transfers all or part of the risk to another insurer to protect themselves from the risk of the first insurance.

Sentences of Reinsurance
  1. The company has three types of reinsurance agreements: