Pro-Rata

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 3, 2023 4 min read Definitions

Quota Share Re-Insurance: Understanding Pro-Rata Reinsurance

Finance Insurance Studies Risk Management Insurance Quota Share Reinsurance Pro-Rata Risk Management Indemnification

Explore the concept of Quota Share Re-Insurance, a type of pro-rata reinsurance where the ceding insurer is indemnified for risks listed in the contract based on a fixed percentage of loss and premium.

October 3, 2023 4 min read Definitions

Understanding Pro Rata in General Insurance Terms

General Insurance Terms Policy Management Risk Management Insurance Pro-Rata Policy Allocation Risk Sharing Beneficiaries

Learn about pro rata, a term used in insurance to describe the allocation of payouts between beneficiaries or the sharing of liability between insurers. This guide explains its significance in insurance contracts.