7 Types of Reinsurance 1. Facultative Coverage This type of policy protects an insurance provider only for an individual‚ or a specified risk‚ or contract. If there are several risks or contracts that needed to be reinsured‚ each one must be negotiated separately. The reinsurer has all the right to accept or deny a facultative reinsurance proposal. 2. Reinsurance Treaty Unlike a facultative policy‚ a treaty type of coverage is in effect for a specified period of time‚ rather than on
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Reinsurance functions an I was thinking to start with the history of reinsurance‚ then to talk about why we need the reinsurance . My thesis consist of 3 parts‚ in first part I think to say something about Reinsurance itself and history of reinsurance‚ then also in part one different definitions of Reinsurances then to talk about why we need the reinsurance‚ in 2nd part we would have Functions of Reinsurance‚ we have six functions and continuing to talk different functions in Reinsurance‚ such
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“Reinsurance” Bachelor of Commerce Banking & Insurance Semester VI Submitted In partial fulfillment of the requirements For the Award of Degree of Bachelor of Commerce- Banking & Insurance By Simran Singh Bains 49 KISHINCHAND CHELLARAM COLLEGE 124‚ Dinshaw Wachha Road‚ Churchgate‚ Mumbai-400 020 KISHINCHAND CHELLARAM COLLEGE D.W ROAD‚ CHURCHGATE‚ MUMBAI-20 CERTIFICATE This is to certify that Mr. Simran Singh Bains Roll No. 49 of B. Com.- Banking
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KEY GROWTH SECTORS OF THE KENYAS ECONOMY Economic growth is the increase in the amount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product i.e. real GDP. In Kenya the key main sectors to achieve economic growth are agriculture which is the mainstay economic growth drivers‚ energy sector‚ manufacturing and industry‚ service sector which is mainly tourism‚ financial services and banking and also the
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REINSURANCE IN INDIA Until GIC was notified as a National Reinsurer‚ it was operating as a holding / parent company of the 4 public sector companies‚ controlling their reinsurance programmes. GIC would receive 20% obligatory cession of each policy written in India. Since deregulation‚ GIC has assumed the role of the market’s only professional re-insurer. In order to focus on reinsurance‚ both in India and through its overseas offices and trading partners‚ GIC has divested itself of any direct business
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Incorporated: 1863 NAIC: 52413 Reinsurance Carriers Schweizerische Rückversicherungs-Gesellschaft‚ known as Swiss Reinsurance Company‚ or Swiss Re in English-speaking countries‚ is the oldest professional reinsurance firm in Switzerland and one of the largest reinsurance companies in the world. It is notable for the range of its international activities‚ the fine reputation of the services it offers‚ and its powerful financial base. The company’s main business segments include risk transfer‚ risk retention
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Describe the role of the reinsurance industry. Give examples from recent events of the importance of the sector. Jack Nolan (09006300) 1. Introduction: What is reinsurance? Why do insurance companies go through the process of insuring policies before transferring them to other entities? Reinsurance is a method which involves insurers insuring their own respective risks with reinsurance firms. Firstly‚ an important function of reinsurance is to ensure that the insurance operations of company’s
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Improve Agricultural Extension for women farmers in Kenya KENYA • A country in East Africa lies on the equator • It is a poor and developing country • Land Area: 580‚000 km2 • Capital: Nairobi • Population: A little over 43 million residents • Climate: warm and humid • Language: Swahili & English • GDP (2011): Total - $71.427 billion; Per capita - $1‚746 • Agriculture and Service are the greatest contributor to its GDP The Problem in Kenya The Role of a Solid Agricultural Extension Program
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Introduction: Reinsurance means by which an can protect itself against the risk of losses with other insurance companies Individuals and corporations obtain insurance policies to provide protection for various risks (hurricanes‚ earthquakes‚ lawsuits‚ collisions‚ sickness and death‚ etc ) Reinsurers‚ in turn‚ provide insurance to insurance companies It is a financial management tool. It is always behind the high quality insurance program or a complex commercial
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IMPACT OF PRIVATIZATION ON THE FINANCIAL PERFORMANCE OF ORGANIZATIONS IN KENYA By Benson Murigi‚ Ken Mwaforo‚ Paul Mugi Table of Contents CHAPTER ONE 1. INTRODUCTION 1.1 Background information Organizations are the backbone of any country’s economy. A leadership dialogue that took place in the year 2007 explained that business activities could create jobs and entrepreneurial opportunities‚ cultivate inter-firm linkages‚ enable technology transfer‚ build human capital and physical
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