 Whats the cheapest insurance provider for a first time female driver 23.? |
cheers
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To whoever said it'd be stupidly high, some are yes, from what I've been trying to find out it isn't that bad at all. Just wanted a bit of advice ... |
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 How do I get a copy of my husbands life insurance policies? |
| He has life insurance on us both. He recently informed me that he had made a change of the secondary beneficiarie. I found it odd as the change he made was supposed to be the way he set it up in ... |
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 Do you love working in the insurance industry? |
| I love working in the insurance industry. I love the fact that I am able to help people either by just giving them a little piece of knowledge in the complicated world of insurance or taking care of ... |
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 Had a grease fire in my apartment what can i expect to be charged by my complex or does their liability cover. |
I was making dinner and started a grease fire. The sprinklers went off and they had to call carpet cleaners for my apartment and the two below it. I can't afford to pay what are my options.
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 An insurance question!? |
| When your car/home insurance company cancels you (from nonpayment); can you ever get that same companys business again? Or do you have to apply elsewhere?... |
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| Which life insurance plan is cheaper? a)Term Plan b) Endowment C) ULIP? |
| II will appreciate if someone could provide an illustration onan excel sheet.... |
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 Life Insurance? |
| I am about to meet with a Insurance Broker and I wanted to be aware so that I am not sold what he wants to sell me instead of what I need. Does anyone have any good tips or resources?... |
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 How can I afford health insurance if my employer does not provide it? |
| Here's the problem.... I'm almost 21 and work a temporary full-time job with no benefits. I cannot be covered by my parents insurance after the end of the year because I'm not in ... |
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 Is Aetna Health Insurance any good? |
| I am healthy, but if something happens I want to be sure I am covered. Have you had any good or bad experience with this company. I currently have Humana, and they don't want to pay for a ... |
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 Grandfather's Life Insurance? |
| When my grandfather passed his insurance policy information was removed or misplaced by people cleaning out his things. How would I go about finding out who it was with? I was his only beneficiary.... |
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 Can my father's debtors make a claim on insurance I received after his death? |
| My father passed away this year. I am receiving requests from debtors on his behalf. I stand to inherit some money from his insurance policies. Can they demand payment from me ?... |
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 Can you appeal health insurance claim denial? |
I am trying to have a breat reduction and the my health insurance company had denied it. What can I do?
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I do have back problems: neck problems, and always have sore ... |
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 If cement blocks fell in my pool and ripped my liner will insurance pay for it? |
| the cement blocks were holding my winter cover on a inground pool and the wind picked it up and in to the pool they ... |
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 Health insurance? |
| I need to get basic individual health insurance. I'm no longer covered by my dad's company's insurance provider because I am no longer a full-time student. I don't need ... |
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Sarah P | What is reinsurance? |
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Finbarr D
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Laying off bets to spread the risk. |
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Wendy S
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Reinsurance is a means by which an insurance company can protect itself against the risk of losses with other insurance companies. Individuals and corporations obtain insurance policies to provide protection for various risks (hurricanes, earthquakes, lawsuits, collisions, sickness and death, etc.). Reinsurers, in turn, provide insurance to insurance companies. |
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MTR
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It is insurance offered by one insurance company to another. Usually the first company (the insured) keeps a part of the risk for themselves Then they re-insure the rest with companies B, C, etc.
That way, company A doesn't have all it's assets exposed for claims. |
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Bexs
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It's insurance for insurance companies |
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Nicholas L
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Its a way of insurance companies laying off their risk, A bit like a bookmaker laying off bets to balance his book |
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Gambit
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While insurers may choose to underwrite 100% of smaller risks, they often seek to limit the amount of their exposure on large risks. Reinsurance involves an insurer ceding part of a large risk it has assumed to one or more other insurers. All insurers share in both the premiums collected and the losses incurred. The contract is between the primary insurer and the reinsurer, the insured is not party (or in most cases not even aware of) the contract. The policy is controlled by the primary insurer and all claims are paid by it. Only when the claim has been paid is the reinsurer asked to contribute its share of the loss. |
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Cabe_Merah
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It is a sub-industry of insurance, primarily made up of off-shore (Foreign) companies. Some of the popular countries for these companies include Bermuda, London (i.e. Lloyds), and continental Europe (home of the largest players in the industry).
Reinsurance is effectively insurance for insurance companies, as many others have already identified. However, as in insurance, there are many kinds of reinsurance. The two primary types are excess coverage and proportional coverage.
Excess (also called excess of loss) is coverage for an extreme event. This coverage is often structured in layers, which start at certain loss points. For example, an insurance company could choose to buy coverage for its homeowners policies in the state of Florida (in case of a hurricane), could buy $250 mm of coverage for losses in excess of $1 b.
Proportional (also called quota-share) is reinsurance where the reinsurer shares in the fortunes of an insurer in a certain line of business. What's the point for the insurer? It allows them to write more business, increasing their market share. Then, as the company's capital base grows and they can assume more risk, they can choose to reduce the proportion they cede to the reinsurance company. This effectively increases the size of their book of business, without the risk of taking on new customers.
Reinsurance, is a highly cyclical business which is driven by loss activity. In other words, pricing becomes very attractive right after big losses. For this reason, the companies in Bermuda are know by classes. The class of 2001 was formed after large losses from 9/11 and the Enron/Worldcom litigation losses. Also, the class of 2005 was formed after large industry losses from hurricanes, Katrina, Rita, and Wilma. |
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mbrcatz
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Insurance companies "re-insure" part of their larger accounts with special insurance companies that only do that type of business. They are called "re-insurers". That way, if the World Trade Center collapses, it doesn't make the insurance company broke by having to pay out hundreds of millions of dollars on just one claim. |
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