Reinsurance - Functions

Functions

Almost all insurance companies have a reinsurance program. The ultimate goal of that program is to reduce their exposure to loss by passing part of the risk to loss to a reinsurer or a group of reinsurers. In the USA, insurance, which is regulated at the state level, permits an insurer only to issue policies with a maximum limit of 10% of their surplus (net worth), unless those policies are reinsured. In other jurisdictions allowance is typically made for reinsurance when determining statutory required solvency margins.

Read more about this topic:  Reinsurance

Other articles related to "functions, function":

Vice President Of India - The Functions
... The Vice-President performs some important functions and duties ... If the President is not able to perform his functions due to absence or illness etc ... the Vice-President shall perform the functions of President until the President resumes his duty ...
Evolution of The Kiva
... make assumptions about the room's original functions and how those functions may be similar to or differ from kivas used in modern practice ... This suggests that the room's older functions may have been changed or adapted to suit the new religious practice ...
Quark Copy Desk - Functions
... Since 1999 InCopy from Adobe is a direct competitor to QuarkCopyDesk, which was launched in 1991 ... QuarkCopyDesk offers three viewing modes Story, Galley and WYSIWYG ...
Algebraic and Transcendental Functions
... For more details on this topic, see elementary function (differential algebra) ... The logarithm and the exponential function are examples of transcendental functions ... Transcendental function is a term often used to describe the trigonometric functions (sine, cosine, tangent, their reciprocals cotangent, secant, and cosecant, the now little-used versine, haversine, and coversine ...
Candidates For One-way Functions
... Following are several candidates for one-way functions (as of April 2009) ... Clearly, it is not known whether these functions are indeed one-way but extensive research has so far failed to produce an efficient inverting algorithm for any of them ...

Famous quotes containing the word functions:

    Adolescents, for all their self-involvement, are emerging from the self-centeredness of childhood. Their perception of other people has more depth. They are better equipped at appreciating others’ reasons for action, or the basis of others’ emotions. But this maturity functions in a piecemeal fashion. They show more understanding of their friends, but not of their teachers.
    Terri Apter (20th century)

    If photography is allowed to stand in for art in some of its functions it will soon supplant or corrupt it completely thanks to the natural support it will find in the stupidity of the multitude. It must return to its real task, which is to be the servant of the sciences and the arts, but the very humble servant, like printing and shorthand which have neither created nor supplanted literature.
    Charles Baudelaire (1821–1867)

    The English masses are lovable: they are kind, decent, tolerant, practical and not stupid. The tragedy is that there are too many of them, and that they are aimless, having outgrown the servile functions for which they were encouraged to multiply. One day these huge crowds will have to seize power because there will be nothing else for them to do, and yet they neither demand power nor are ready to make use of it; they will learn only to be bored in a new way.
    Cyril Connolly (1903–1974)