Reinsurance activities definition

Reinsurance activities means the activity consisting of accepting risks ceded by an insurer or by another reinsurer;
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Reinsurance activities means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking. In the case of the association of underwriters known as Lloyd’s, reinsurance activities also means the activity consisting in accepting risks ceded by a member of Lloyd’s, or by an insurance undertaking or a reinsurance undertaking neither of which are members of the association of underwriters known as Lloyd’s;
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Examples of Reinsurance activities in a sentence

  • Re-insurance activities remain limited, accounting for 4.4 percent of total life insurance premium.

  • As regards insurance, the Office for Supervision of Insurance and Reinsurance activities (OSAAR) is not independent yet and needs strengthening in terms of staffing, budget, skills and modern equipment.

  • Reinsurance activities may include life reinsurance activity, non-life reinsurance activity or a combination of life and non-life reinsurance activities.

  • Reinsurance activities mean taking over of insurance risks of the insurer on the basis of a reinsurance agreement, with a goal to pay to the insurer the agreed indemnity in relation to an insured event agreed upon in the insurance agreement concluded between the insurer and a policyholder.

  • Reinsurance activities are marginal, representing less than 0.02% of total premium income.The Group carries on insurance and reinsurance activities in the Italian market (through the Parent, Reale Mutua and the Italiana Assicurazioni, Uniqa Assicurazioni, Uniqa Previdenza and Uniqa Life subsidiaries), in the Spanish market (through its Reale Seguros and Reale Vida subsidiary companies) and in Chile (through the Reale Chile Seguros subsidiary).

  • Towards this objective, on May 5, 2017, Authority announced the constitution of a Reinsurance Expert Committee (hereafter referred to “the Committee”) entrusting them the task of carrying out a comprehensive review of the existing Regulatory framework and provisions for Reinsurance activities, including reporting requirements and formats.

  • Reinsurance activities and the movement of capital should not be restricted.

  • Reinsurance activities may, however, be conducted outside the free zone; hence, they may reinsure risks based in the UAE.Article 314 of the UAE Federal Law no.

  • Dependency-dependent inter-ference: NPI interference, agreement avraction, and global pragmatic inferences.

Related to Reinsurance activities

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Insurance Contracts means the insurance or annuity policies and contracts, together with all binders, slips, certificates, endorsements and riders thereto, issued or entered into by any Insurance Company prior to the Closing.

  • High Risk Activities means activities where the use or failure of the Services would reasonably be expected to result in death, serious personal injury, or severe environmental or property damage (such as the creation or operation of weaponry).

  • Activities has the meaning specified in Section 7.02(b).

  • Reinsurance Agreement means any agreement, contract, treaty, certificate or other arrangement whereby any Regulated Insurance Company agrees to transfer, cede or retrocede to another insurer or reinsurer all or part of the liability assumed or assets held by such Regulated Insurance Company under a policy or policies of insurance issued by such Regulated Insurance Company or under a reinsurance agreement assumed by such Regulated Insurance Company.

  • Insurance Policies has the meaning set forth in Section 3.16.