Reinsurance Cost definition

Reinsurance Cost means the cost to the Entity of purchasing reinsurance cover in respect of the General Insurance Claims being valued.
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Reinsurance Cost means the cost or premium to the general insurer of purchasing reinsurance cover in respect of the general insurance claims being valued.
Sample 1Sample 2
Reinsurance Cost means the cost or premium to the General Insurer of purchasing
Sample 1

Examples of Reinsurance Cost in a sentence

  • Where reinsurance has not yet been arranged, an allowance for Reinsurance Cost needs to be made.

  • In projecting the Reinsurance Cost, the Member must consider the terms of any relevant existing reinsurance and any relevant information relating to changes in the reinsurance terms and pricing of the underlying business.

  • If a Central Estimate of a Future Claims Liability net of future Reinsurance Recovery is being evaluated, then the Member needs to consider the Reinsurance Cost associated with this Reinsurance Recovery.

  • According to the references and authors work referred above motor insurance performance is affected by Motor Insurance Premium, Motor Insurance Claims Cost, Motor Insurance Reinsurance Cost, Motor Insurance Acquisition cost and Management Efficiency.

  • Motor Insurance Reinsurance Cost had a mean of 0.2323 with a standard deviation of 0.18612 this imply that the low variation of motor reinsurance it means low risk of reinsurance dependencies among insurance companies.

  • In the fourth step, PRS calculates the Allowable Reinsurance Cost Amount (ARCA).

  • The Allowable Reinsurance Cost Amount (ARCA) is multiplied by .8 to determine the Actual Reinsurance Subsidy Amount.

  • Major, Avraham Adler, and Claude Bunick (2013) “Capital Tranching: A RAROC Approach to Assessing Reinsurance Cost Effectiveness,” Variance, Arlington, VA: Casualty Actuarial Society, forthcoming.

  • The Reinsurance Portion of DIR (RPDIRA) is subtracted from the Total Gross Drug Cost Above the Out-of-Pocket Threshold Amount (GDCAA) to determine the Allowable Reinsurance Cost Amount.

  • ǕǓǕǓ HȇǓǓǓGROUPǕǓǔǜ HȇǓǓǓ ǕǓǕǓ HȇǓǓǓCOMPAHYǕǓǔǜ HȇǓǓǓǛǛǘ,677 2,102,74ǛǛǘǛ,43ǘ 1,Ǜ24,Ǜ9066Ǜ,Ǜ0Ǜ1,44ǘ,931676,0431,304,4ǘ7ǕǼǜǛǛǼǗǕǗ(2,06ǘ,793)ǕǼǙǛǖǼǖǕǘ(1,797,64Ǜ)ǕǼǔǔǗǼǚǖǜ(1,4ǘǛ,Ǜ21)ǔǼǜǛǓǼǘǓǓ(1,311,692)ǜǕǕǼǙǖǔǛǛǘǼǙǚǚǙǘǘǼǜǔǛǙǙǛǼǛǓǛ Kindly note that our consultant has not eƙect FRC Rule 2(b) ǚ.ǔ Pre+aid Rein.0ranceȐUPR Balance as at 1 January Reinsurance Cost During the year Reinsurance Expenses/Amortisation during the yearBalance a.

Related to Reinsurance Cost

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • 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.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Coinsurance means that you pay a percent of the total cost of the drug each time you fill a prescription.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to:

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Carrying Cost means book value of the assets and interest accrued thereon but not received;

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Property Insurance is defined in Section 6.10(a).

  • Insurance Consultant or "consultant" means a person who: