Global Marine Reinsurance Market Opportunities and Analysis to 2019-2024
Bharat Book Bureau Provides the Trending Market Research Report on "Global Marine Reinsurance Market 2019 by Company, Regions, Type and Application, Forecast to 2024” (https://www.bharatbook.com/marketreports/global-marine-reinsurance-market-2019-by-company-regions-type-and-application-forecast-to-2024/1614101) under Media & Technology Category. The report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Reinsurance, also known as insurance for insurers or stop-loss insurance, is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim.
Reinsurance allows insurers to remain solvent by recovering some or all of amounts paid to claimants. Reinsurance reduces net liability on individual risks and catastrophe protection from large or multiple losses. It also provides ceding companies the capacity to increase their underwriting capabilities in terms of the number and size of risks.
By covering the insurer against accumulated individual commitments, reinsurance gives the insurer more security for its equity and solvency and more stable results when unusual and major events occur.
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Last Update : 25 June 2019
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|Item Owner : Vidhya Nigam|
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