What is Portfolio Reinsurance?
Portfolio Reinsurance refers to A business that repeats the insurance company's business line, business category, area or entire business. In current insurance, the insurance company assumes the primary responsibility of the insurance company. They are usually organized when the insurance company wants to close its activities in a particular state or region.
In the insurance business, all the risks of the insurance business are described. For example, if a company reinsures all remaining outstanding auto business, the insurer must occupy the auto business portfolio and receive all non-premiums for all insurance risks (minus agreed commissions). Will have to
Literal Meanings of Portfolio Reinsurance
Meanings of Portfolio:
Large, thin, flat container for individual sheets of paper such as photos or maps.
A set of assets owned by a person or organization.
Position and functions of the Minister of State or Member of the Cabinet.
Relevance to a relevant, indicative or employment model that includes continuity of fixed-term contracts and part-time work rather than the traditional long-term single-employment model.
Sentences of Portfolio
Beneath his arm he carries a large folder with pictures
The best return for your investment portfolio
Take over the Foreign Office
Portfolio careers allow women to combine work and family
Synonyms of Portfolio
portfolio, securities, shares, equities, binder, document case, investments, file, bonds, holdings, ring binder
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.