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Glossary of reinsurance terms guy carpenter

Glossary of reinsurance terms guy carpenter
Thorough knowledge of insurance and reinsurance concepts and terms for developing and placing reinsurance programs, Guy Carpenter & Company,
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Rate. The percent or factor applied to the ceding company’s subject premium to produce the reinsurance premium, or the percent applied to the reinsurer’s premium to
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Ultimate Net Loss. In reinsurance, the unit of loss to which the reinsurance applies, as determined by the reinsurance agreement. In other words, the gross loss less
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