Loss Sharing

October 15, 2023 4 min read Definitions

Pro Rata Reinsurance: Understanding Shared Losses and Premiums

Finance Risk Management Insurance Studies Insurance Reinsurance Risk Management Pro-Rata Premiums Loss Sharing

Learn about pro rata reinsurance, where a reinsurer shares both claims and premiums with the ceding company, ensuring mutual risk distribution.

October 10, 2023 4 min read Definitions

Understanding Contributions in General Insurance Terms

Insurance Risk Management Financial Services Insurance Contribution Loss Sharing Premium Coinsurance

Discover the meaning of 'Contribution' in general insurance terms. Learn how it applies to insurer losses, premiums paid by the insured, and coinsurance scenarios.

October 3, 2023 5 min read Definitions

Understanding Guiding Principles in General Insurance

Business Finance Insurance Studies Insurance Guiding Principles Property Insurance Liability Associations Loss Sharing Insurance Companies

Learn about the guiding principles in general insurance that dictate how coverage of a loss is shared between two insurance companies, as developed by property and liability associations.