Surplus Relief

Surplus Relief,

Surplus Relief: What is the Meaning of Surplus Relief?

Surplus Relief means, Purchase of insurance by an insurance company which compensates the insurance company for a small refund. Reinsurance to reduce the surplus is mostly used when the insurance company starts increasing the amount of premium as per its claim.

The claims portfolio (LPT) was reinsured or transferred so that the assigning company could meet a solvency ratio, which limits the amount of claims held in respect of shareholders' equity.

Literal Meanings of Surplus Relief

Surplus:

Meanings of Surplus:
  1. When supply is satisfied with demand, surplus production or supply, much remains to be done.

Sentences of Surplus
  1. Food export surplus

  2. Maximize your extra cash flow

Synonyms of Surplus

surfeit, in excess, overabundance, excess, remaining, additional, oversupply, excessive, oversufficiency, plethora, profusion, extra, reserve, superabundance, left, spare, superfluity, leftover, unused, glut

Relief:

Meanings of Relief:
  1. Feeling comfortable after being free from anxiety or stress

  2. Help, especially in the form of food, clothing or money, is given to people with special needs or difficulties.

  3. A person or group of people who have replaced other people who have served.

  4. Circumstances that are clear or obvious should be emphasized in one way or another.

Sentences of Relief
  1. When he finished, he saw the door open

  2. Raise donations to fight hunger

  3. Late nurse

  4. The sunset highlights the snow-capped peaks

Synonyms of Relief

reserve, relaxation, care, stopgap, ease, aid, fill-in, proxy, repose, locum tenens, reassurance, stand-in, cover, comfort, supply, consolation, assistance, replacement, calmness, help, surrogate, solace, sustenance, locum