Home page   Azerbaijan     Search for:       Glossary - F Facultative reinsurance participation on the part of the reinsurer in a particular individual risk assumed by the direct insurer. This is in contrast to → obligatory (also: treaty) reinsurance. Fair value price at which a financial instrument would be freely traded between two parties. FOLLOW THE LEAD A practice of following the lead of the leading underwriter: if the leader accepts alterations to the contract, the other reinsurers do the same. FRONTING A form of reinsurance in which an insurer issues a policy on a risk in its own name, and then passes the entire risk by way of reinsurance to another insurer or reinsurer. Such an arrangement is made due to political or legal reasons or out of concern for the insured�s interest.   A  B  C  D  E  F  G  H  I  J  K  L  M N  O  P  Q  R  S  T  U  V  W  X  Y  Z   Reinsurance at a glance   Proportional reinsurance   Non-Proportional reinsurance   Facultative reinsurance   Treaty reinsurance   Stop Loss Reinsurance   Azerbaijan Insurance Market Analyze   |   Home page   |    Career   |   Map  |    Write an e-mail   | Copyright © AzRe 2008