Home page   Azerbaijan     Search for:       Glossary - R REINSTATEMENT Reinstatement of the original insurance cover by payment of a specified reinstatement premium. Used in non-proportional reinsurance. RENEWAL Continuation of a reinsurance contract. Rate percentage rate (usually of the premium income) of the reinsured portfolio which is to be paid to the reinsurer as reinsurance premium under a → non-proportional reinsurance treaty. Retention the part of the accepted risks which an insurer/reinsurer does not reinsure, i.e. shows as → net (retention ratio: percentage share of the retention relative to the gross written premium). Retrocession ceding of risks or shares in risks which have been reinsured. Retrocessions are ceded to other reinsurers in exchange for a pro-rata or separately calculated premium. Risk, insured defines the specific danger which can lead to the occurrence of a loss. The insured risk is the subject of the insurance contract.   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