Reinsurance Coverage

Reinsurance is a contract between a reinsurer and an insurer. In this contract, the insurance company—the cedent—transfers risk to the reinsurance company, and the latter assumes all or part of one or more insurance policies issued by the cedent.
The period of reinsurance coverage determines the period during which the Reinsurer will be responsible for the claim arising from policies or risks ceded during the period of effect of the treaty. This period of coverage might be loss occurring, risk attaching or accounting year.
Reinsurance Ratio – the ratio (expressed as a percentage) of (a) the aggregate amounts recoverable by the Borrowers and its Subsidiaries from reinsurers divided by (b) the sum of (i) policy and claim liabilities plus (ii) unearned premiums, in each case of the Borrowers and their Subsidiaries determined in accordance.

In this section, we have collected the most current articles and reviews on the topic of the Reinsurance Coverage.