Home page   Azerbaijan     Search for:       Glossary - N Non-life business By way of distinction from business activities in our life and health reinsurance business group, we use this umbrella term to cover our business groups of property and casualty reinsurance, financial reinsurance and specialty insurance. Non-life (re-)insurance collective term for all lines of business which in the event of a claim reimburse only the incurred loss, not a fixed sum insured (as is the case in life and personal accident insurance, for example). This principle applies in all lines of property and casualty insurance as well as in specialty insurance and structured products. Non-proportional reinsurance reinsurance treaty under which the reinsurer assumes the loss expenditure in excess of a particular amount (→ priority) (e.g. under an excess of loss treaty). This is in contrast to → proportional reinsurance.   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