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1. Property & Casualty Insurance Basics ~ Property & Casualty Insurance Basics Letβs start by discussing some important insurance terms and concepts. Insurance The concept of insurance is really quite simple. Insurance is a method for spreading the risk of a financial loss among a large number of people. By spreading the risk, we are reducing the financial
Fundamentals of P&C Insurance: What You Need to Know ~ Definitions & Acronyms β’ Property Insurance - Protection against financial loss due to loss of or damage to real or personal property due to fire, windstorm, hail, etc. (perils) β’ Real Property - Land and attached structures β’ Personal Property - Items not attached to land or dwelling, such as clothing, jewelry, etc.
Property & Casualty Insurance ~ Other Insurance Terms 8 Unit Test 10 Answers and Rationales to Unit Test 12. UnIt 2 the Insurance Contract 1. 5. Elements of a Valid Contract 16 Characteristics of an Insurance Contract 18 Parts of the Insurance Contract: Declarations, Insuring Agreements, Conditions, Exclusions, and Definitions 20 Unit Test 22 Answers and Rationales to Unit .
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GLOSSARY OF REINSURANCE TERMINOLOGY ~ A type of reinsurance contract covering claims that are first made to the reinsurer during the term of contract, regardless of when they were sustained; a blend of retroactive and prospective reinsurance. Clash Cover (Casualty Catastrophe Cover, Contingency Cover, Conflagration Cover, Excess Cover) Reinsurance
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Property Casualty Insurance And Reinsurance: What You Need ~ Property Casualty insurance and reinsurance (which I collectively refer to as (re)insurance) is an interesting sector for investors, in that performance can be highly diversifying within an equity .
Reinsurance / III ~ Reinsurance is a highly complex global business. U.S. professional reinsurers (companies that are formed specifically to provide reinsurance) accounted for about 7 percent of total U.S. property/casualty insurance industry premiums written in 2010, according to the Reinsurance Association of America.
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Fundamentals of Reinsurance and Reinsurance Markets ~ Those who are new to reinsurance purchasing, underwriting, or sales will benefit from this book. Using examples, easy-to-understand illustrations, and handy checklists, it is a timely, real-world introduction to the highly specialized field of reinsurance.
Book Review- Fundamentals of Reinsurance and Reinsurance ~ Book Review: Fundamentals of Reinsurance and Reinsurance Markets by Steven M. McElhiney and Teresa Huddleston, International Risk Management Institute (IRMI), 2011 + 99pp, key reinsurance terms, bibliography, topical index (paperback) ISBN:978-1-933686
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Valuation of Reinsurers: 2013 / Expert Commentary / IRMI ~ 1 Reinsurance Association of America, Fundamentals of Property and Casualty Reinsurance, p.2. 2 Reinsurance Association of America, Fundamentals of Property and Casualty Reinsurance, pp. 3β5.. 3 IBISWorld Industry Report: Reinsurance Carriers in the US, September 2012, p.22. 4 Shannon P. Pratt, Valuing a Business: The Analysis and Appraisal of Closely Held Companies, p. 265.