Q. What are the costs of running a business other than acquisition cost and settling claims called?

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Q. What is the term used for insurance or reinsurance provided by an insurer or reinsurer who is licensed to do business in a specific country?

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Q. What term is used for the submission of risks, segments of risks, or coverages that are less attractive for retention by the reinsured to the reinsurer?

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Q. What is the term for a contract of reinsurance that is confined to business produced by a named agent of the insurer and administered directly with the reinsurer?

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Q. What term is used when the reinsurer indemnifies the reinsured for a cumulative amount of losses exceeding a specified aggregate amount?

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Q. What is the term for the use of the capacity available on the capital markets to cover insurance risks, such as through the securitization of natural catastrophe risks?

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Q. What is the term for the date on which a contract is renewed, typically twelve months from the effective date of the contract?

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Q. What is the term for a clause in reinsurance treaties that allows the parties to submit any dispute or controversy to mutually agreed arbitrators instead of following the process of law?

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Q. What is the purpose of the "As If" method in reinsurance?

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Q. What does the term "Assume" or "Accept" refer to in reinsurance?

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Q. What does the term "Balance" represent in reinsurance?

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Q. What is the function of a "Binder" in reinsurance?

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Q. What is the purpose of "Bordereaux" reporting in reinsurance?

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Q. Who is an intermediary that negotiates contracts of reinsurance on behalf of the reinsured?

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Q. What is the burning cost used for in assessing a portfolio of business?

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Q. How is capacity measured for an insurer?

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Q. What does the provision of cash loss in proportional contracts allow the reinsured to do?

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Q. What does catastrophe reinsurance provide coverage for?

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Q. What is another term used to refer to the reinsured or ceding insurer?

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Q. What does the term "cede" refer to in the context of reinsurance?

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