Category: Insurance Concepts

Loss Occurring vs. Risk Attaching

Loss Occurring vs. Risk Attaching: Key Differences and Implications

What is reinsurance? Reinsurance is a complex financial arrangement that plays a fundamental role in the global insurance industry. At its core, reinsurance is a mechanism through which insurance companies transfer a portion of their own risks and liabilities to other insurance companies, known as reinsurers. In other words, it’s insurance for insurers. The primary […]

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