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Reinsurance Glossary

Home | 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 | Index

 

Accident Year of Experience
Acquisition Cost
Admitted Assets
Admitted Reinsurance
Affiliate Reinsurance
Aggregate Coverage
Aggregate Limit
Aggregate Retention
Alien Reinsurer
Allowance
Alphabet Split
Amount At Risk
Arbitration Clause
Assume
Assuming Company
Assumption Certificate
Assumption Reinsurance
Attachment Basis
Attachment Point
Automatic Acceptance Limit
Automatic Binding Limit
Automatic
Binder
Binding Limit
Bordereau
Broker
Brokerage Market
Bulk Administration
Burning Cost
Calendar Year of Experience
Calendar Year YRT
Capacity
Captive
Carry Over Provisions
Case Reserve
Catastrophe
Cat Cover
Cedant
Cede
Ceding Commission
Ceding Company
Cession
Charge back
Claims Made Basis
Clash Cover
Coinsurance
Coinsurance With Funds Withheld
Combined Ratio
Commutation
Co/Mod-co
Composite Ratio
Conditional Automatic
Conditional Receipt
Conditional Receipt Reinsurance
Continuation
Corridor
Cover Note
Cut Through Endorsement
Direct Premium
Errors and Omissions Clause
Excess (of Loss) Reinsurance
Excess (of Time) Reinsurance
Excess of Retention
Expense Allowance
Expense Charge
Experience Rated
Experience Refund
Experience Refund Reinsurance
Extra Contractual Obligations (ECO)
Facultative
Facultative Obligatory
FEGLI
Financial Reinsurance
First Excess
Follow the Fortunes
Foreign Reinsurer
Fronting
Fronting Company
Funds Withheld
Funds Withheld Mod-co
Gentlemen's Agreement
Gross Line
Guaranteed Cost Reinsurance
Honorable Undertaking
Incurred But Not Reported (IBNR)
Indemnity Reinsurance
Indexing, Indexation
Individual Cession Administration
Insolvency Clause
Intermediary
Intermediary Clause
Jumbo Limit
Layer
Layering
Lead Reinsurer
Letter of Credit (LOC)
Lloyds
Loss Event
Losses in Excess of Policy Limits
Loss Ratio
Loss Ratio Coverage
Minimum Cession
Modified Coinsurance
Mod-co
Mod-co Adjustment Interest Rate
Mod-co Interest Rate
Mod-co Reserve Adjustment
Net Amount At Risk
Net Line
Non-experience Rated
Nonproportional
Normal Underwriting (Normal Underwriting Procedures)
Novation
Occurrence
Occurrence Basis
Offset Clause
Outstanding Loss Reserve
Outstanding Surplus Account
Oversight
Partially Modified Coinsurance (Part-co)
Participation Limit
Pending Reserve
Persistency Bonus
Placement Ratio
Point-in-Scale YRT
Pool; Pool Reinsurance
Premium (Written/Unearned/Earned)
Producer-Owned Reinsurer
Production Bonus
Professional Reinsurers
Profit Commission
Proportional
Pro Rata
Punitive Damages
Quota Share
Recapture or Recapture Provision
Reciprocity
Reconsideration
Refund Reinsurance
Reinstatement Premium
Reinsurance
Reinsurance Broker
Reinsurance Facility
Reinsurance Intermediary
Reinsurance Pool
Reinsurance Treaty
Reinsurance Wheel
Reinsurer
Reserve Adjustment Interest Rate
Reserves
Retention
Retrocede
Retrocessionaire
Risk Charge
Risk and Expense Charge
Risk Premium Reinsurance (RPR)
Risk and Profit Charge
Second Excess
Self-Administration
Set Off
SGLI
Slip
Special Acceptance
Spread Loss
Statutory Ratio
Stop Loss
Surplus
Surplus Reinsurance; Surplus Share Reinsurance
Surplus Relief Reinsurance
Surplus Share
Syndication
Termination
Trade Ratio
Treaty
Trivial Amount
Trust Agreement
Ultimate Net Loss (UNL)
Underwriting Year of Experience
Unknown Accumulation Cover
Unusual Expenses
Working Layer
Yearly Renewable Term (YRT) Reinsurance
Zero First Year YRT

  

  


  Glossary of Reinsurance Terms compiled by
the American Council of Life Insurers (ACLI) Reinsurance Committee
and presented by Central Security Life Insurance Company (CSLIC).

 

This text, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, storage in an information retrieval system, or otherwise, without the prior written permission of the publisher.

While a great deal of care has been taken to provide accurate, current, and authoritative information in regard to the subject matter covered in this reinsurance glossary, the ideas suggestions, general principles, conclusions, and any other information presented here are for educational purposes only. This reinsurance glossary is provided  with the understanding that it is neither designed nor intended to provide the reader with legal, accounting, investment, marketing, or other types of professional business management advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought.

 

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